Lyman House Memorial Museum

Analysis

Lyman House Memorial Museum is a registered charity in United States, based in Hilo, HI. It received its IRS tax-exemption ruling in June 1968, 58 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 June 2024, Lyman House Memorial Museum reported income of $2.0m and spending of $1.1m, leaving 45% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $2.0m (+50%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lyman House Memorial Museum sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within HI. Charities of a similar size with the same main cause include Following Francis ($2.0m), Center for the Arts Evergreen Inc ($2.0m) and Harmony Program ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.4% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $61k (5.6% of expenses). At year end it held assets of $9.5m against liabilities of $64k, net assets of $9.4m.