Rocky Mountain Quilt Museum

Analysis

Rocky Mountain Quilt Museum is a registered charity in United States, based in Golden, CO. It received its IRS tax-exemption ruling in May 1983, 43 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, Rocky Mountain Quilt Museum reported income of $328k and spending of $361k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $294k to $328k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rocky Mountain Quilt Museum sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within CO. Charities of a similar size with the same main cause include Sheboygan Symphony Orchestra Inc ($328k), The Capitol Symphonic Youth Orchestras Inc ($328k) and Museum Village Inc ($328k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $72k (20% of expenses). Other salaries and wages came to $83k. At year end it held assets of $2.2m against liabilities of $625k, net assets of $1.5m. It reported 10 employees.