Richmond Museum Assn Inc

Analysis

Richmond Museum Assn Inc is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in October 1970, 56 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, Richmond Museum Assn Inc reported income of $298k and spending of $259k, spending 87% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $260k to $298k (+14%), an average of +2.7% a year. The sharpest change came in the year to December 2023, when income rose by 135%. Over the whole period it spent 144% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Richmond Museum Assn Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Radio Port Townsend ($297k), Orchestra Association of Northern New York Inc ($298k) and Acts Career Center Inc ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $41k (16% of expenses). Other salaries and wages came to $28k. At year end it held assets of $598k against liabilities of $34k, net assets of $564k. It reported 3 employees.