Muskegon County Museum

Analysis

Muskegon County Museum is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in January 1951, 75 years ago. 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, Muskegon County Museum reported income of $2.6m and spending of $2.2m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.6m (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Muskegon County Museum sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Defiance Area Foundation Inc ($2.6m), Terry Law Ministries Inc ($2.6m) and Linn Christian Education Association ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $106k (4.9% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.6m against liabilities of $202k, net assets of $3.4m. It reported 41 employees.