Newcomb Historical Museum Inc

Analysis

Newcomb Historical Museum Inc is a registered charity in United States, based in Newcomb, NY. It received its IRS tax-exemption ruling in August 2021, 5 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, Newcomb Historical Museum Inc reported income of $231k and spending of $177k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $217k to $231k (+6.3%), an average of +6.3% a year. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newcomb Historical Museum Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Olde World Historical Council Inc ($231k), Lincoln County Historical Association ($231k) and Naples Players Endowment ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $53k (30% of expenses). Other salaries and wages came to $65k. At year end it held assets of $126k against liabilities of $1,868, net assets of $124k. It reported 3 employees.