Heritage Museum of Newaygo County

Analysis

Heritage Museum of Newaygo County is a registered charity in United States, based in Newaygo, MI. It received its IRS tax-exemption ruling in September 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heritage Museum of Newaygo County reported income of $244k and spending of $247k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $472k to $244k (-48%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 42% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heritage Museum of Newaygo County sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MI. Charities of a similar size with the same main cause include Aliceville Museum Inc ($244k), Biocurious ($245k) and Transcendent Media Inc ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Other salaries and wages came to $107k. At year end it held assets of $2.0m against liabilities of $604k, net assets of $1.4m. It reported 4 employees.