Friends of the Museum WH Over Museum

Analysis

Friends of the Museum WH Over Museum is a registered charity in United States, based in Vermillion, SD. It received its IRS tax-exemption ruling in April 1969, 57 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 2022, Friends of the Museum WH Over Museum reported income of $88k and spending of $136k, spending 154% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $157k to $88k (-44%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Museum WH Over Museum sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 28th percentile within SD. Charities of a similar size with the same main cause include Seattle Philharmonic Orchestra ($88k), Palacios House of Arts ($88k) and Dan and Rose McNeil Foundation Inc ($88k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 26% and program service revenue 0.6% of the total. Other salaries and wages came to $46k. At year end it held assets of $226k against liabilities of $0, net assets of $226k. It reported 6 employees.