Palestine Museum US Corporation

Analysis

Palestine Museum US Corporation is a registered charity in United States, based in Woodbridge, CT. It received its IRS tax-exemption ruling in October 2018, 8 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 December 2023, Palestine Museum US Corporation reported income of $443k and spending of $456k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $130k to $443k (+240%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 123%. Over the whole period it spent 156% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Palestine Museum US Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within CT. Charities of a similar size with the same main cause include Hancock County Auditorium Associates ($443k), The Intermountain Suzuki String Institute ($443k) and West Virginia Creative Network Inc ($443k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 0.2% of the total. At year end it held assets of $111k against liabilities of $728, net assets of $110k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.