LA State Penitentiary Museum Foundation Inc

Analysis

LA State Penitentiary Museum Foundation Inc is a registered charity in United States, based in Angola, LA. It received its IRS tax-exemption ruling in February 1999, 27 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, LA State Penitentiary Museum Foundation Inc reported income of $299k and spending of $211k, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $338k to $299k (-12%), an average of -3.1% a year. The sharpest change came in the year to June 2021, when income dropped by 39%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, LA State Penitentiary Museum Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within LA. Charities of a similar size with the same main cause include River Road African American Museum and Gallery ($299k), Chicago Cultural Performing Arts and Media Alliance ($299k) and Southeast Missouri Childrens Museum ($299k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $80k (38% of expenses). Other salaries and wages came to $91k. At year end it held assets of $223k against liabilities of $6,301, net assets of $216k. It reported 2 employees.