Penny Lane Beatles Museum Inc

Analysis

Penny Lane Beatles Museum Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in February 2026. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a private operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Penny Lane Beatles Museum Inc reported income of $724k and spending of $234k, leaving 68% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $320k to $724k (+126%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 5627%. Over the whole period it spent 11% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Penny Lane Beatles Museum Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Mercy International ($724k), Climb Theatre Inc ($724k) and Wonderful News Radio Inc ($724k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. At year end it held assets of $2.7m against liabilities of $117, net assets of $2.7m.