National Museum of the Americancoverlet Inc

Analysis

National Museum of the Americancoverlet Inc is a registered charity in United States, based in Bedford, PA. It received its IRS tax-exemption ruling in July 2007, 19 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, National Museum of the Americancoverlet Inc reported income of $85k and spending of $68k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $104k to $85k (-19%), an average of -5.0% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Museum of the Americancoverlet Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within PA. Charities of a similar size with the same main cause include International Artists Manifest ($85k), Ohio Hills Folk Festival ($85k) and Mercersburg Area Community Chorus Inc ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $8,875 (13% of expenses). At year end it held assets of $793k against liabilities of $162k, net assets of $631k. It reported 1 employees.