Georgia Museums Inc

Analysis

Georgia Museums Inc is a registered charity in United States, based in Cartersville, GA. It received its IRS tax-exemption ruling in December 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Georgia Museums Inc reported income of $15.9m and spending of $7.9m, leaving 51% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.9m to $15.9m (+130%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 75%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Georgia Museums Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Mesorah Heritage Foundation ($15.9m), North Carolina Museum of Life & Science ($15.9m) and Yerba Buena Center for the Arts ($15.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 24% of the total. Other salaries and wages came to $4.0m. At year end it held assets of $55.2m against liabilities of $1.1m, net assets of $54.1m. It reported 254 employees.