Potato Museum Inc

Analysis

Potato Museum Inc is a registered charity in United States, based in Blackfoot, ID. It received its IRS tax-exemption ruling in July 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Potato Museum Inc reported income of $732k and spending of $658k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $293k to $732k (+150%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 271%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Potato Museum Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within ID. Charities of a similar size with the same main cause include Denyce Graves Foundation Inc ($732k), Haven Academy of the Arts ($733k) and Framingham Public Access Corporation ($732k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.0% and program service revenue 93% of the total. Other salaries and wages came to $77k. At year end it held assets of $521k against liabilities of $4,279, net assets of $517k. It reported 6 employees.