Danish Immigrant Museum

Analysis

Danish Immigrant Museum is a registered charity in United States, based in Elk Horn, IA. It received its IRS tax-exemption ruling in November 1983, 43 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 August 2023, Danish Immigrant Museum reported income of $1.6m and spending of $1.8m, spending 112% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.1m to $1.6m (-23%), an average of -6.3% a year. The sharpest change came in the year to August 2021, when income rose by 47%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Danish Immigrant Museum sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within IA. Charities of a similar size with the same main cause include Florida Smooth Jazz Foundation Inc ($1.6m), Van Wert Area Performing Arts Foundation ($1.6m) and Broadway Theatre League of Ne Pa ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 75% and program service revenue 4.6% of the total. Other salaries and wages came to $729k. At year end it held assets of $10.9m against liabilities of $18k, net assets of $10.8m. It reported 26 employees.