Michigan Flywheelers Museum

Analysis

Michigan Flywheelers Museum is a registered charity in United States, based in Bangor, MI. It received its IRS tax-exemption ruling in April 1996, 30 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, Michigan Flywheelers Museum reported income of $241k and spending of $279k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $222k to $241k (+9.0%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 295%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Michigan Flywheelers Museum 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 Toledo Repertoire Company ($241k), Old Jail Museum and Heritage Center Inc ($241k) and I D E a Museum Foundation ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 48% of the total. At year end it held assets of $765k against liabilities of $0, net assets of $765k.