Packard Museum Association

Analysis

Packard Museum Association is a registered charity in United States, based in Warren, OH. It received its IRS tax-exemption ruling in February 1991, 35 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Packard Museum Association reported income of $306k and spending of $230k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $194k to $306k (+58%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Packard Museum Association sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include Science and Arts Engagement New York Inc ($306k), Conifers Stagedoor Theatre Inc ($306k) and Rockford Dance Co ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $78k (34% of expenses). Other salaries and wages came to $32k. At year end it held assets of $653k against liabilities of $2,218, net assets of $651k. It reported 7 employees.