New Madrid Museum

Analysis

New Madrid Museum is a registered charity in United States, based in New Madrid, MO. It received its IRS tax-exemption ruling in October 1981, 45 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 December 2023, New Madrid Museum reported income of $67k and spending of $62k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $196k to $67k (-66%), an average of -42% a year. The sharpest change came in the year to December 2022, when income dropped by 74%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Madrid Museum sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within MO. Charities of a similar size with the same main cause include Woodshill Inc ($67k), Emotions Dance ($67k) and LPM Endowment Foundation ($66k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 42% of the total. Other salaries and wages came to $33k. At year end it held assets of $577k against liabilities of $2,012, net assets of $575k. It reported 4 employees.