The Frostburg Museum Assn Inc

Analysis

The Frostburg Museum Assn Inc is a registered charity in United States, based in Frostburg, MD. It received its IRS tax-exemption ruling in August 1983, 43 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 2023, The Frostburg Museum Assn Inc reported income of $86k and spending of $58k, leaving 33% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $139k to $86k (-38%), an average of -15% a year. The sharpest change came in the year to June 2021, when income dropped by 59%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Frostburg Museum Assn Inc sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within MD. Charities of a similar size with the same main cause include Friends of the Livingston Library ($86k), Open Arms Community Inc ($86k) and Clear Lake Grace Brethren Camp ($86k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $704k against liabilities of $0, net assets of $704k.