Belfast Museum Inc

Analysis

Belfast Museum Inc is a registered charity in United States, based in Belfast, ME. It received its IRS tax-exemption ruling in September 1975, 51 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 June 2024, Belfast Museum Inc reported income of $62k and spending of $64k, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $51k to $62k (+21%), an average of +5.0% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Belfast Museum Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 17th percentile within ME. Charities of a similar size with the same main cause include Hispanic Women of Weld County ($62k), Explore Forest City ($62k) and Twentynine Palms Artists Guild ($62k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 39% and program service revenue 4.3% of the total. At year end it held assets of $820k against liabilities of $4,600, net assets of $815k.