The General Henry Knox Museum

Analysis

The General Henry Knox Museum is a registered charity in United States, based in Thomaston, ME. It received its IRS tax-exemption ruling in March 1988, 38 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, The General Henry Knox Museum reported income of $215k and spending of $173k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $207k to $215k (+3.6%), an average of +0.9% a year. The sharpest change came in the year to December 2020, when income dropped by 102%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The General Henry Knox Museum sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 48th percentile within ME. Charities of a similar size with the same main cause include Arkansas Learning Through the Arts ($215k), San Diego Collaborative Arts Project ($215k) and Art Possible Ohio ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 17% of the total. Other salaries and wages came to $82k. At year end it held assets of $3.0m against liabilities of $198, net assets of $3.0m. It reported 6 employees.