The Sanctuary Museum Inc

Analysis

The Sanctuary Museum Inc is a registered charity in United States, based in Lakewood, OH. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Sanctuary Museum Inc reported income of $56k and spending of $71k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $69k to $56k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 139% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Sanctuary Museum Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 22nd percentile within OH. Charities of a similar size with the same main cause include Winchester Area Historical Society ($56k), Masterwork Music & Art Foundation ($56k) and Brick Township Memoral High School Band Support Associaton ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $176k against liabilities of $1,543, net assets of $174k.