Music House Museum

Analysis

Music House Museum is a registered charity in United States, based in Williamsburg, MI. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Music House Museum reported income of $278k and spending of $362k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $277k to $278k (+0.2%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 119%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music House Museum sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Norfolk Arts Center ($278k), Justice for Kurds Inc ($278k) and Art Access ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $47k (13% of expenses). Other salaries and wages came to $49k. At year end it held assets of $2.3m against liabilities of $435k, net assets of $1.8m. It reported 8 employees.