Historic Carousel and Museum

Analysis

Historic Carousel and Museum is a registered charity in United States, based in Albany, OR. It received its IRS tax-exemption ruling in July 1994, 32 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 December 2023, Historic Carousel and Museum reported income of $681k and spending of $862k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $550k to $681k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 126% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Carousel and Museum 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 75th percentile, and in the 75th percentile within OR. Charities of a similar size with the same main cause include International Society of Exposure Science ($681k), Art Works Downtown Inc ($682k) and Red River Theatres Inc ($681k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $67k (7.7% of expenses). At year end it held assets of $7.8m against liabilities of $47k, net assets of $7.7m. It reported 13 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.