Catalina Island Museum

Analysis

Catalina Island Museum is a registered charity in United States, based in Avalon, CA. It received its IRS tax-exemption ruling in November 1956, 70 years ago. Its declared purposes cover education, which this site groups under education and training. 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 February 2023, Catalina Island Museum reported income of $2.4m and spending of $1.9m, leaving 21% of income unspent that year. Across the 5 years on record, from February 2019 to February 2023, income grew from $1.5m to $2.4m (+59%), an average of +12% a year. The sharpest change came in the year to February 2023, when income rose by 29%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Catalina Island Museum sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Union Square Campus Inc ($2.4m), Talmud Torah Yesodei Hatorah Inc ($2.4m) and Rochester Prep Foundation Inc ($2.4m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 90% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $127k (6.7% of expenses). Other salaries and wages came to $588k. At year end it held assets of $17.6m against liabilities of $613k, net assets of $16.9m. It reported 21 employees.