Marquette Range Iron Mining Heritage Theme Park Inc

Analysis

Marquette Range Iron Mining Heritage Theme Park Inc is a registered charity in United States, based in Ishpeming, MI. It received its IRS tax-exemption ruling in February 1998, 28 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, Marquette Range Iron Mining Heritage Theme Park Inc reported income of $80k and spending of $87k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $57k to $80k (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2021, when income rose by 137%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marquette Range Iron Mining Heritage Theme Park Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within MI. Charities of a similar size with the same main cause include Martinsville-Henry County Historical Society ($80k), Hawthorne Players ($80k) and Village Light Opera Group Ltd ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. Compensation of current officers, directors and key employees was $26k (30% of expenses). At year end it held assets of $470k against liabilities of $14k, net assets of $456k. It reported 3 employees.