Ukrainian National Museum

Analysis

Ukrainian National Museum is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1973, 53 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, Ukrainian National Museum reported income of $512k and spending of $316k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $250k to $512k (+105%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ukrainian National Museum sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Shakespeare by the Sea ($512k), Auburn Symphony ($512k) and Overshadowed Theatrical Productions Inc ($512k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 15% of the total. Other salaries and wages came to $122k. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m. It reported 7 employees.