China Lake Museum Foundation

Analysis

China Lake Museum Foundation is a registered charity in United States, based in Ridgecrest, CA. It received its IRS tax-exemption ruling in September 1993, 33 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 September 2024, China Lake Museum Foundation reported income of $952k and spending of $405k, leaving 57% of income unspent that year. Across the 6 years on record, from September 2019 to September 2024, income grew from $303k to $952k (+214%), an average of +26% a year. The sharpest change came in the year to September 2024, when income rose by 145%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, China Lake Museum Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Suzuki Institute of Dallas ($952k), Industry Productions Inc ($952k) and Cultural Development Corporation of the District of Columbia ($951k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $90k. At year end it held assets of $2.8m against liabilities of $17k, net assets of $2.8m.