Geneva Lake Museum Inc

Analysis

Geneva Lake Museum Inc is a registered charity in United States, based in Lake Geneva, WI. It received its IRS tax-exemption ruling in January 1984, 42 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 December 2023, Geneva Lake Museum Inc reported income of $266k and spending of $259k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $223k to $266k (+19%), an average of +9.2% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Geneva Lake Museum Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within WI. Charities of a similar size with the same main cause include Victory Train Inc ($266k), Family Medicine Foundation of West Virginia Inc ($266k) and Canandaigua Lake Watershed Association ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 43% of the total. Other salaries and wages came to $135k. At year end it held assets of $409k against liabilities of $4,154, net assets of $405k. It reported 5 employees.