Seneca Falls Its a Wonderful Life Museum & Archives

Analysis

Seneca Falls Its a Wonderful Life Museum & Archives is a registered charity in United States, based in Seneca Falls, NY. It received its IRS tax-exemption ruling in August 2014, 12 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, Seneca Falls Its a Wonderful Life Museum & Archives reported income of $160k and spending of $107k, leaving 33% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $196k to $160k (-18%), an average of -9.7% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seneca Falls Its a Wonderful Life Museum & Archives sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Country Dance Society Boston Centre Inc ($160k), Cleveland Rocks Past Present and Future ($160k) and Northern New Jersey Chinese Association ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $434k against liabilities of $308k, net assets of $126k.