Leather Archives & Museum Inc

Analysis

Leather Archives & Museum Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1996, 30 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, Leather Archives & Museum Inc reported income of $550k and spending of $358k, leaving 35% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $581k to $550k (-5.4%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 85%. 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, Leather Archives & Museum Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Radio Diaries Inc ($550k), African Cultural Center of Buffalo Inc ($550k) and Music at Gretna Inc ($550k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 17% of the total. Other salaries and wages came to $196k. At year end it held assets of $1.1m against liabilities of $60, net assets of $1.1m.