Adams Museum and House Inc

Analysis

Adams Museum and House Inc is a registered charity in United States, based in Deadwood, SD. It received its IRS tax-exemption ruling in March 2001, 25 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, Adams Museum and House Inc reported income of $208k and spending of $260k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $238k to $208k (-13%), an average of -3.3% a year. Over the whole period it spent 124% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Adams Museum and House Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within SD. Charities of a similar size with the same main cause include Sro Fund ($208k), Garden City Historical Society ($208k) and Heritage Sylvania Inc ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $828k against liabilities of $0, net assets of $828k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.