History Museum of Burke County Inc

Analysis

History Museum of Burke County Inc is a registered charity in United States, based in Morganton, NC. It received its IRS tax-exemption ruling in June 2003, 23 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 2022, History Museum of Burke County Inc reported income of $306k and spending of $133k, leaving 57% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $241k to $306k (+27%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 55% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, History Museum of Burke County Inc sits at the 69th 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 61st percentile within NC. Charities of a similar size with the same main cause include Ross County Historical Society Inc ($306k), Achievement Rewards for College Scientist Fndatn Metro Wash CHPTR ($306k) and KC BS and Beer Society ($306k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 26% and program service revenue 1.7% of the total. Other salaries and wages came to $22k. At year end it held assets of $3.0m against liabilities of $1,106, net assets of $3.0m. It reported 2 employees.