Western Museum of Mining & Industry

Analysis

Western Museum of Mining & Industry is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in September 1971, 55 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 (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, Western Museum of Mining & Industry reported income of $515k and spending of $508k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $370k to $515k (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Western Museum of Mining & Industry sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within CO. Charities of a similar size with the same main cause include International Enneagram Association ($514k), Traditional Arts in Upstate New York ($515k) and Nichols House Museum Inc ($514k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $87k (17% of expenses). Other salaries and wages came to $211k. At year end it held assets of $1.1m against liabilities of $26k, net assets of $1.1m. It reported 8 employees.