Silver City Museum Society Corporation

Analysis

Silver City Museum Society Corporation is a registered charity in United States, based in Silver City, NM. It received its IRS tax-exemption ruling in November 1985, 41 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 June 2023, Silver City Museum Society Corporation reported income of $170k and spending of $185k, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $75k to $170k (+127%), an average of +31% a year. The sharpest change came in the year to June 2021, when income rose by 90%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Silver City Museum Society Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within NM. Charities of a similar size with the same main cause include Nupur Academy LA Inc ($170k), Charles Theatre Inc ($170k) and Utah Heritage Foundation ($170k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% of the total. At year end it held assets of $1.1m against liabilities of $11k, net assets of $1.1m.