Elgin Public Museum Incorporated

Analysis

Elgin Public Museum Incorporated is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in February 1985, 41 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, Elgin Public Museum Incorporated reported income of $119k and spending of $102k, spending 86% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $81k to $119k (+47%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Elgin Public Museum Incorporated sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within IL. Charities of a similar size with the same main cause include Festival Music Society of Indiana ($119k), Spread the Music Foundation Inc ($119k) and New Mexico Geological Society Inc ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 14% of the total. At year end it held assets of $301k against liabilities of $0, net assets of $301k.