World Museum of Mining Inc

Analysis

World Museum of Mining Inc is a registered charity in United States, based in Butte, MT. It received its IRS tax-exemption ruling in February 1965, 61 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, World Museum of Mining Inc reported income of $493k and spending of $237k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $444k to $493k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 46% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, World Museum of Mining Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MT. Charities of a similar size with the same main cause include Augusta Ferry Authority Inc ($493k), Russian Children Studio of Language Arts and Culture Inc ($493k) and Atlanta Preservation Center Inc 401 ($493k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $53k (22% of expenses). Other salaries and wages came to $89k. At year end it held assets of $2.5m against liabilities of $10k, net assets of $2.5m. It reported 21 employees.