Verendrye Museum Incorporated

Analysis

Verendrye Museum Incorporated is a registered charity in United States, based in Fort Pierre, SD. It received its IRS tax-exemption ruling in August 1972, 54 years ago. 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, Verendrye Museum Incorporated reported income of $571k and spending of $49k, leaving 91% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $64k to $571k (+789%), an average of +107% a year. The sharpest change came in the year to December 2023, when income rose by 717%. Over the whole period it spent 27% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Verendrye Museum Incorporated sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within SD. Charities of a similar size with the same main cause include Elevate Birmingham ($571k), Volunteers of America Inc ($571k) and United Tribes of Kansas & Southeast Nebraska ($571k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.