Iron County Museum Endowment Fund Inc

Analysis

Iron County Museum Endowment Fund Inc is a registered charity in United States, based in Caspian, MI. It received its IRS tax-exemption ruling in July 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Iron County Museum Endowment Fund Inc reported income of $74k and spending of $85k, spending 115% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $94k to $74k (-21%), an average of -4.7% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iron County Museum Endowment Fund Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within MI. Charities of a similar size with the same main cause include Spirit of Revival Ministries ($74k), Volunteers of America Inc ($74k) and Bay Area Heritage Society of Baytown Texas ($74k).

At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.