Laramie Plains Museum Association Inc

Analysis

Laramie Plains Museum Association Inc is a registered charity in United States, based in Laramie, WY. It received its IRS tax-exemption ruling in January 1967, 59 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, Laramie Plains Museum Association Inc reported income of $2.5m and spending of $433k, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $502k to $2.5m (+397%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 501%. Over the whole period it spent 45% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Laramie Plains Museum Association Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 92nd percentile within WY. Charities of a similar size with the same main cause include Sheldon Swope Art Museum Inc ($2.5m), Betty Brinn Childrens Museum ($2.5m) and Central Caribbean Marine Institute Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $27k (6.3% of expenses). Other salaries and wages came to $127k. At year end it held assets of $7.2m against liabilities of $14k, net assets of $7.2m. It reported 16 employees.