Steamboat Era Museum

Analysis

Steamboat Era Museum is a registered charity in United States, based in Irvington, VA. It received its IRS tax-exemption ruling in November 1999, 27 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, Steamboat Era Museum reported income of $159k and spending of $172k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $196k to $159k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Steamboat Era Museum sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within VA. Charities of a similar size with the same main cause include Inland Valley Symphony ($159k), Fort Miles Historical Association Inc ($159k) and Los Angeles United Methodist Museum of Social Justice ($159k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $1,556 (0.9% of expenses). Other salaries and wages came to $46k. At year end it held assets of $536k against liabilities of $169k, net assets of $367k. It reported 3 employees.