Black Hills Mining Museum

Analysis

Black Hills Mining Museum is a registered charity in United States, based in Lead, SD. It received its IRS tax-exemption ruling in January 1988, 38 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, Black Hills Mining Museum reported income of $167k and spending of $165k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $125k to $167k (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Black Hills Mining Museum sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within SD. Charities of a similar size with the same main cause include Huntley Project Museum ($167k), Needlers Foundation ($167k) and Volunteers of America Inc ($167k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 41% of the total. Other salaries and wages came to $93k. At year end it held assets of $176k against liabilities of $1,799, net assets of $175k. It reported 12 employees.