Lake Bluff History Museum

Analysis

Lake Bluff History Museum is a registered charity in United States, based in Lake Bluff, IL. It received its IRS tax-exemption ruling in August 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 (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, Lake Bluff History Museum reported income of $90k and spending of $93k, spending 103% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $148k to $90k (-39%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake Bluff History Museum sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within IL. Charities of a similar size with the same main cause include New Music Works ($90k), Music Academy Foundation ($90k) and Crow-Luther Cultural Events Center ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 53% of the total. At year end it held assets of $607k against liabilities of $0, net assets of $607k.