Grand Rapids Public Museum Foundation

Analysis

Grand Rapids Public Museum Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in August 1989, 37 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 June 2023, Grand Rapids Public Museum Foundation reported income of $2.5m and spending of $1.4m, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.5m (+78%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 86%. Over the whole period it spent 53% 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 Rapids Public Museum Foundation sits at the 93rd percentile: it is larger than about 93% 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 Tallahassee Museum of History and Natural Science Inc ($2.5m), The Nasw Foundation Inc ($2.5m) and Legacy Theatre ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% of the total. It paid $91k in professional fundraising fees. At year end it held assets of $52.1m against liabilities of $203k, net assets of $51.9m.