Los Gatos Museum Association

Analysis

Los Gatos Museum Association is a registered charity in United States, based in Los Gatos, CA. It received its IRS tax-exemption ruling in November 1989, 37 years ago. 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 2023, Los Gatos Museum Association reported income of $549k and spending of $627k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $521k to $549k (+5.4%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income rose by 287%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Gatos Museum Association sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Bolling Haxall House Foundation ($549k), Habitat for Humanity International Inc ($550k) and Summit Educational Foundation Inc ($549k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 6.2% of the total. Other salaries and wages came to $388k. At year end it held assets of $1.4m against liabilities of $2,885, net assets of $1.4m. It reported 19 employees.