Ben E Clement Mineral Museum Inc

Analysis

Ben E Clement Mineral Museum Inc is a registered charity in United States, based in Marion, KY. It received its IRS tax-exemption ruling in July 1998, 28 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, Ben E Clement Mineral Museum Inc reported income of $67k and spending of $65k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $50k to $67k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ben E Clement Mineral Museum Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within KY. Charities of a similar size with the same main cause include State Capitol Foundation Inc ($67k), Salado Museum and College Park Inc ($67k) and Patten Lumbermens Museum ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.3% and program service revenue 24% of the total. Other salaries and wages came to $31k. At year end it held assets of $94k against liabilities of $1,000, net assets of $93k. It reported 3 employees.