Eau Claire Association of Museums Inc

Analysis

Eau Claire Association of Museums Inc is a registered charity in United States, based in Eau Claire, WI. It received its IRS tax-exemption ruling in April 1966, 60 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2022, Eau Claire Association of Museums Inc reported income of $610k and spending of $589k, spending 97% of its income. Across the 4 years on record, from September 2019 to September 2022, income grew from $451k to $610k (+35%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 46%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eau Claire Association of Museums Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within WI. Charities of a similar size with the same main cause include Lehman College Art Gallery Inc ($610k), Jekyll Island Foundation Inc ($611k) and Illustration Institute ($610k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 90% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $44k (7.4% of expenses). Other salaries and wages came to $256k. At year end it held assets of $958k against liabilities of $33k, net assets of $925k. It reported 12 employees.