Besser Museum of Northeast Michigan Inc

Analysis

Besser Museum of Northeast Michigan Inc is a registered charity in United States, based in Alpena, MI. It received its IRS tax-exemption ruling in June 1966, 60 years ago. 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, Besser Museum of Northeast Michigan Inc reported income of $1.0m and spending of $541k, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $412k to $1.0m (+149%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 79%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Besser Museum of Northeast Michigan Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include York College Association Inc ($1.0m), West Hartford Fellowship Housing in ($1.0m) and Village Hopecore International ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.4% of the total. Other salaries and wages came to $211k. At year end it held assets of $2.6m against liabilities of $22k, net assets of $2.6m. It reported 9 employees.