Friends of the Kenosha Museum Inc

Analysis

Friends of the Kenosha Museum Inc is a registered charity in United States, based in Kenosha, WI. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Friends of the Kenosha Museum Inc reported income of $55k and spending of $11k, leaving 81% of income unspent that year. Across the 3 years on record, from March 2022 to March 2024, income grew from $38k to $55k (+44%), an average of +20% a year. The sharpest change came in the year to March 2024, when income rose by 183%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the Kenosha Museum Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 18th percentile within WI. Charities of a similar size with the same main cause include Bethesda Chevy Chase Rotary Club Foundation Inc ($55k), Big River Steel Cares Inc ($55k) and Shawano Area United Way Inc ($55k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.