Lightner Museum of Hobbies

Analysis

Lightner Museum of Hobbies is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in December 1950, 76 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, Lightner Museum of Hobbies reported income of $2.4m and spending of $2.1m, spending 89% of its income. Across the 5 years on record, from June 2020 to December 2023, income grew from $1.5m to $2.4m (+59%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lightner Museum of Hobbies sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Douglas Manship Sr Theater Complexholding Inc ($2.4m), Boston 4 Celebrations Foundation Inc ($2.4m) and Arts and Culture Alliance of Greater Knoxville ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $134k (6.3% of expenses). Other salaries and wages came to $785k. At year end it held assets of $7.8m against liabilities of $100k, net assets of $7.7m. It reported 28 employees.