Top of the Lake Snowmobile Museum

Analysis

Top of the Lake Snowmobile Museum is a registered charity in United States, based in Naubinway, MI. It received its IRS tax-exemption ruling in April 2009, 17 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, Top of the Lake Snowmobile Museum reported income of $206k and spending of $189k, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $162k to $206k (+27%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Top of the Lake Snowmobile Museum sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include Park Theater Civic Centre Inc ($206k), Saltworks Theatre Company ($206k) and Chicago Film Society ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Other salaries and wages came to $47k. At year end it held assets of $573k against liabilities of $6,150, net assets of $566k. It reported 5 employees.