Wood Library-Museum of Anesthesiology

Analysis

Wood Library-Museum of Anesthesiology is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in August 1989, 37 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wood Library-Museum of Anesthesiology reported income of $1.7m and spending of $1.2m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.7m (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2022, when income rose by 217%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wood Library-Museum of Anesthesiology sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Insideout Literary Arts Project ($1.7m), The Korners Folly Foundation ($1.7m) and The Jewish Foundation for the Righteous Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $1,000 (0.1% of expenses). Other salaries and wages came to $320k. At year end it held assets of $17.1m against liabilities of $4.1m, net assets of $13.0m.