Association of Midwest Museums

Analysis

Association of Midwest Museums is a registered charity in United States, based in Fishers, IN. It received its IRS tax-exemption ruling in March 1988, 38 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, Association of Midwest Museums reported income of $207k and spending of $255k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $263k to $207k (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2021, when income rose by 140%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Association of Midwest Museums sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within IN. Charities of a similar size with the same main cause include Spamart Inc ($207k), Victorian Lyric Opera Company ($207k) and International Microwave Power Institute ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $2,652 against liabilities of $7,771, net assets of -$5,119.