National Czech & Slovak Museum & Library

Analysis

National Czech & Slovak Museum & Library is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in May 1976, 50 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, National Czech & Slovak Museum & Library reported income of $3.1m and spending of $3.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.1m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Czech & Slovak Museum & Library sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IA. Charities of a similar size with the same main cause include Afro-American Cultural Center Inc ($3.1m), St Lawrence Valley Educational Television Council Inc ($3.1m) and Uss Massachusetts Memorial Comm Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $158k (5.0% of expenses). Other salaries and wages came to $908k. At year end it held assets of $31.9m against liabilities of $640k, net assets of $31.3m. It reported 46 employees.