National Mining Hall of Fame and Museum

Analysis

National Mining Hall of Fame and Museum is a registered charity in United States, based in Leadville, CO. It received its IRS tax-exemption ruling in August 1978, 48 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, National Mining Hall of Fame and Museum reported income of $1.8m and spending of $700k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $470k to $1.8m (+287%), an average of +40% a year. The sharpest change came in the year to December 2020, when income rose by 210%. Over the whole period it spent 49% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Mining Hall of Fame and Museum sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Mastervoices Inc ($1.8m), Vocalessence ($1.8m) and Playwrights Center Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $100k (14% of expenses). Other salaries and wages came to $247k. At year end it held assets of $5.7m against liabilities of $264k, net assets of $5.4m. It reported 23 employees.