Museum of Work and Culture Preservation Foundation

Analysis

Museum of Work and Culture Preservation Foundation is a registered charity in United States, based in Woonsocket, RI. It received its IRS tax-exemption ruling in October 2008, 18 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 2023, Museum of Work and Culture Preservation Foundation reported income of $269k and spending of $59k, leaving 78% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $94k to $269k (+186%), an average of +186% a year. The sharpest change came in the year to June 2023, when income rose by 186%. Over the whole period it spent 37% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of Work and Culture Preservation Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 56th percentile within RI. Charities of a similar size with the same main cause include Angels Share Inc ($269k), Mexican Cultural Institute ($269k) and Society for the Study of Amphibian and Reptiles ($269k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $638k against liabilities of $0, net assets of $638k.