Victor Museum Improvement Association

Analysis

Victor Museum Improvement Association is a registered charity in United States, based in Victor, CO. It received its IRS tax-exemption ruling in January 1983, 43 years ago. 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, Victor Museum Improvement Association reported income of $95k and spending of $111k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $87k to $95k (+8.8%), an average of +2.1% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Victor Museum Improvement Association sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within CO. Charities of a similar size with the same main cause include Vandergrift Public Library Association ($95k), Brunswick County Literacy Council Inc ($95k) and Inter-Group Association & CNTRL Serv BRD of a a in San Gab Vly ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 22% of the total. Other salaries and wages came to $21k. At year end it held assets of $1.0m against liabilities of $49, net assets of $1.0m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.