The Columbus Museum Inc

Analysis

The Columbus Museum Inc is a registered charity in United States, based in Columbus, GA. It received its IRS tax-exemption ruling in November 1954, 72 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, The Columbus Museum Inc reported income of $8.3m and spending of $3.9m, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $8.3m (+109%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 85%. 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, The Columbus Museum Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within GA. Charities of a similar size with the same main cause include Pretend City the Childrens Museum of Orange County ($8.3m), Ohio Aerospace Institute ($8.3m) and Phoenix Symphony Association ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $204k (5.2% of expenses). Other salaries and wages came to $1.4m. It paid $55k in professional fundraising fees. At year end it held assets of $61.3m against liabilities of $546k, net assets of $60.8m. It reported 42 employees.