Grand Traverse Lighthouse Museum

Analysis

Grand Traverse Lighthouse Museum is a registered charity in United States, based in Northport, MI. It received its IRS tax-exemption ruling in January 1987, 39 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, Grand Traverse Lighthouse Museum reported income of $254k and spending of $211k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $242k to $254k (+5.0%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grand Traverse Lighthouse Museum sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Michigan History Foundation Inc ($254k), Troy-Pike Cultural Arts Center Inc ($254k) and East Bay Center for Thepreservation Oof Cultural Arts ($254k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 43% of the total. Other salaries and wages came to $111k. At year end it held assets of $303k against liabilities of $20k, net assets of $283k. It reported 7 employees.