Bay of Pigs Museum and Library of the 2506th Brigade Inc

Analysis

Bay of Pigs Museum and Library of the 2506th Brigade Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in September 1996, 30 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 September 2023, Bay of Pigs Museum and Library of the 2506th Brigade Inc reported income of $2.1m and spending of $400k, leaving 81% of income unspent that year. Across the 4 years on record, from September 2019 to September 2023, income grew from $414k to $2.1m (+400%), an average of +71% a year. The sharpest change came in the year to September 2023, when income rose by 1378%. Over the whole period it spent 23% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bay of Pigs Museum and Library of the 2506th Brigade Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Las Vegas Pinball Collectors Club ($2.1m), Spaces ($2.1m) and Firehouse Community Arts Center of Chicago ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $84k (21% of expenses). Other salaries and wages came to $77k. At year end it held assets of $2.6m against liabilities of $340k, net assets of $2.3m. It reported 2 employees.