Villa Terrace Museum and Gardens Ltd

Analysis

Villa Terrace Museum and Gardens Ltd is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in December 1991, 35 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, Villa Terrace Museum and Gardens Ltd reported income of $206k and spending of $99k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $152k to $206k (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2022, when income rose by 194%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Villa Terrace Museum and Gardens Ltd sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within WI. Charities of a similar size with the same main cause include C T Vivian Foundation Inc ($206k), Kingman Museum Inc ($206k) and Danceworks Chicago Inc NFP ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 23% of the total. At year end it held assets of $847k against liabilities of $0, net assets of $847k.