Wisconsin Museum of Quilts & Fiber Arts Inc

Analysis

Wisconsin Museum of Quilts & Fiber Arts Inc is a registered charity in United States, based in Cedarburg, WI. It received its IRS tax-exemption ruling in July 1994, 32 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, Wisconsin Museum of Quilts & Fiber Arts Inc reported income of $345k and spending of $387k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $238k to $345k (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wisconsin Museum of Quilts & Fiber Arts Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within WI. Charities of a similar size with the same main cause include Ukrainians of Colorado ($345k), Hands on Childrens Museum Inc ($345k) and Tahoma Indian Center ($345k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $78k (20% of expenses). Other salaries and wages came to $88k. At year end it held assets of $1.6m against liabilities of $174k, net assets of $1.5m. It reported 7 employees.