Museum of American Heritage

Analysis

Museum of American Heritage is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in August 1986, 40 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, Museum of American Heritage reported income of $467k and spending of $309k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $446k to $467k (+4.7%), an average of +1.2% a year. The sharpest change came in the year to December 2023, when income rose by 523%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of American Heritage sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Avant Chamber Ballet ($467k), South Carolina Civil Rights Museum ($467k) and Shrewsbury Media Connection Inc ($467k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $94k (30% of expenses). Other salaries and wages came to $25k. At year end it held assets of $3.4m against liabilities of $1.1m, net assets of $2.3m. It reported 5 employees.