Illinois Rock & Roll Museum on Route 66 NFP

Analysis

Illinois Rock & Roll Museum on Route 66 NFP is a registered charity in United States, based in Joliet, IL. It received its IRS tax-exemption ruling in February 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, Illinois Rock & Roll Museum on Route 66 NFP reported income of $199k and spending of $225k, spending 113% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $105k to $199k (+90%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 71%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Illinois Rock & Roll Museum on Route 66 NFP sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Springfield Theatre Centre ($199k), Hawthorne Caballeros Drum & Bugle Corps ($200k) and Crow River Players Inc ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. At year end it held assets of $499k against liabilities of $243k, net assets of $256k.