Rice Northwest Museum of Rocks and Minerals

Analysis

Rice Northwest Museum of Rocks and Minerals is a registered charity in United States, based in Hillsboro, OR. It received its IRS tax-exemption ruling in June 2020, 6 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, Rice Northwest Museum of Rocks and Minerals reported income of $609k and spending of $658k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $580k to $609k (+4.9%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rice Northwest Museum of Rocks and Minerals sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OR. Charities of a similar size with the same main cause include Anthropomorphic Arts and Education ($609k), The Spacekind Foundation ($609k) and Monmouth County Historical Association ($609k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $104k (16% of expenses). Other salaries and wages came to $210k. At year end it held assets of $2.2m against liabilities of $169k, net assets of $2.1m. It reported 8 employees.