Museum Inc

Analysis

Museum Inc is a registered charity in United States, based in Libby, MT. It received its IRS tax-exemption ruling in July 1975, 51 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 June 2024, Museum Inc reported income of $50k and spending of $61k, spending 121% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $348k to $50k (-86%), an average of -62% a year. The sharpest change came in the year to June 2024, when income dropped by 65%. Over the whole period it spent 25% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Museum Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within MT. Charities of a similar size with the same main cause include Virginia Congress of Parents and Teachers ($50k), Gilpin County Arts Association ($50k) and National Society of the Daughters of the American Revolution ($50k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% of the total. At year end it held assets of $580k against liabilities of $0, net assets of $580k.