Heritage Museum Foundation at Grissom Air Force Base Indiana

Analysis

Heritage Museum Foundation at Grissom Air Force Base Indiana is a registered charity in United States, based in Peru, IN. It received its IRS tax-exemption ruling in June 1982, 44 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, Heritage Museum Foundation at Grissom Air Force Base Indiana reported income of $275k and spending of $261k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $370k to $275k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heritage Museum Foundation at Grissom Air Force Base Indiana sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IN. Charities of a similar size with the same main cause include Sauk County Historical Society Inc ($275k), HST Cultural Arts Inc ($275k) and Community Artists Collective ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $66k (25% of expenses). Other salaries and wages came to $54k. At year end it held assets of $586k against liabilities of $6,922, net assets of $579k. It reported 7 employees.