Optical Heritage Museum

Analysis

Optical Heritage Museum is a registered charity in United States, based in Southbridge, MA. 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).

In the financial year ending December 2023, Optical Heritage Museum reported income of $192k and spending of $58k, leaving 70% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $43k to $192k (+346%), an average of +111% a year. The sharpest change came in the year to December 2023, when income rose by 1305%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Optical Heritage Museum sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include Old St Josephs Historic Preservation Corporation ($192k), Garibaldi Meucci Museum ($192k) and Music Theater Bavaria Inc ($192k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. At year end it held assets of $276k against liabilities of $0, net assets of $276k.