Vermilion County Museum Society

Analysis

Vermilion County Museum Society is a registered charity in United States, based in Danville, IL. It received its IRS tax-exemption ruling in March 1965, 61 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, Vermilion County Museum Society reported income of $341k and spending of $246k, leaving 28% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $350k to $341k (-2.7%), an average of -0.9% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vermilion County Museum Society sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Randolph Arts Guild ($340k), Soundarya Lahari Inc ($341k) and Dance Fremont ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 8.8% of the total. Other salaries and wages came to $51k. At year end it held assets of $5.1m against liabilities of $21k, net assets of $5.1m. It reported 4 employees.