Squaxin Island Museum Libray and Research Center Inc

Analysis

Squaxin Island Museum Libray and Research Center Inc is a registered charity in United States, based in Shelton, WA. It received its IRS tax-exemption ruling in January 2001, 25 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 September 2023, Squaxin Island Museum Libray and Research Center Inc reported income of $646k and spending of $754k, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $706k to $646k (-8.5%), an average of -2.2% a year. The sharpest change came in the year to September 2021, when income rose by 44%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Squaxin Island Museum Libray and Research Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include McKeesport Regional History and Heritage Center ($646k), Josef Gingold Fund for the International Violin Competition O ($646k) and Gemini Series Inc ($646k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $156k (21% of expenses). Other salaries and wages came to $288k. At year end it held assets of $1.1m against liabilities of $97k, net assets of $1.0m. It reported 5 employees.