Farmington Museum Foundation Inc

Analysis

Farmington Museum Foundation Inc is a registered charity in United States, based in Farmington, NM. It received its IRS tax-exemption ruling in April 1986, 40 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 2024, Farmington Museum Foundation Inc reported income of $103k and spending of $173k, spending 168% of what it took in. The sharpest change came in the year to June 2024, when income rose by 149%. Over the whole period it spent 183% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Farmington Museum Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 33rd percentile within NM. Charities of a similar size with the same main cause include Chinese Consolidated Benevolent Association ($103k), International Foundation for Theater Education and Research ($103k) and Inland Northwest Partners Association ($103k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 37% of the total. Other salaries and wages came to $8,477. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.