Balboa Island Museum and Historical Society

Analysis

Balboa Island Museum and Historical Society is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in March 2000, 26 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 2024, Balboa Island Museum and Historical Society reported income of $936k and spending of $718k, leaving 23% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $478k to $936k (+96%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 117%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Balboa Island Museum and Historical Society sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Santa Fe Playhouse ($936k), Alaska Aviation Heritage Museum ($936k) and Asheville Community Theatre Inc ($936k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% of the total. Other salaries and wages came to $218k. At year end it held assets of $735k against liabilities of $577k, net assets of $158k. It reported 6 employees.