Somerset Union Museum

Analysis

Somerset Union Museum is a registered charity in United States, based in Barker, NY. It received its IRS tax-exemption ruling in August 2011, 15 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, Somerset Union Museum reported income of $442k and spending of $84k, leaving 81% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $442k (+677%), an average of +677% a year. The sharpest change came in the year to December 2023, when income rose by 677%. Over the whole period it spent 34% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Somerset Union Museum sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Perry County Council of the Arts ($442k), Seattle Jazz Orchestra ($442k) and Soo Theatre Project ($442k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $393k against liabilities of $0, net assets of $393k.