Jacksonville Area Museum Foundation

Analysis

Jacksonville Area Museum Foundation is a registered charity in United States, based in Jacksonville, IL. It received its IRS tax-exemption ruling in September 2021, 5 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, Jacksonville Area Museum Foundation reported income of $237k and spending of $4,033, leaving 98% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $104k to $237k (+129%), an average of +129% a year. The sharpest change came in the year to December 2023, when income rose by 129%. Over the whole period it spent 2.1% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jacksonville Area Museum Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include Leu Civic Center Inc ($237k), Harambee ($237k) and Larson Gallery Guild ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $384k against liabilities of $0, net assets of $384k.