Museum Foundation of Pacific Grove Inc

Analysis

Museum Foundation of Pacific Grove Inc is a registered charity in United States, based in Pacific Grove, CA. It received its IRS tax-exemption ruling in April 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 June 2023, Museum Foundation of Pacific Grove Inc reported income of $1.5m and spending of $1.6m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.1m to $1.5m (-31%), an average of -8.7% a year. The sharpest change came in the year to June 2021, when income dropped by 26%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum Foundation of Pacific Grove Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Daniels Music Foundation ($1.5m), Folk Alliance International ($1.5m) and Thomasville Cultural Center Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $191k (12% of expenses). Other salaries and wages came to $671k. At year end it held assets of $4.5m against liabilities of $112k, net assets of $4.4m. It reported 22 employees.