Museum of Idaho Inc

Analysis

Museum of Idaho Inc is a registered charity in United States, based in Idaho Falls, ID. It received its IRS tax-exemption ruling in April 1981, 45 years ago. 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 Idaho Inc reported income of $3.3m and spending of $2.6m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.3m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2023, when income rose by 111%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Museum of Idaho Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within ID. Charities of a similar size with the same main cause include Health Council of South Florida Inc ($3.3m), Camilla Schools Inc ($3.3m) and Habitat for Humanity International Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Other salaries and wages came to $963k. At year end it held assets of $9.9m against liabilities of $369k, net assets of $9.6m. It reported 24 employees.