North Carolina Museum of History Foundation

Analysis

North Carolina Museum of History Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in July 2005, 21 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 2023, North Carolina Museum of History Foundation reported income of $6.1m and spending of $1.3m, leaving 79% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $745k to $6.1m (+716%), an average of +101% a year. The sharpest change came in the year to June 2021, when income rose by 237%. Over the whole period it spent 39% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Carolina Museum of History Foundation sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Arizona Theatre Company ($6.1m), San Jose Childrens Discovery Museum ($6.1m) and Marine Science Foundation ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $255k. At year end it held assets of $13.2m against liabilities of $158k, net assets of $13.0m. It reported 5 employees.