Herberts Ford Memorial Museum

Analysis

Herberts Ford Memorial Museum is a registered charity in United States, based in Homer, LA. It received its IRS tax-exemption ruling in September 1970, 56 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, Herberts Ford Memorial Museum reported income of $53k and spending of $46k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $54k to $53k (-2.1%), an average of -2.1% a year. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Herberts Ford Memorial Museum sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within LA. Charities of a similar size with the same main cause include The Bronx Freedom Fund Inc ($53k), Casa de LA Cultura Hispana de Lexington ($53k) and New Mexico Peace Choir ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 1.4% of the total. At year end it held assets of $278k against liabilities of $0, net assets of $278k.