Wilkes Heritage Museum Incorporated

Analysis

Wilkes Heritage Museum Incorporated is a registered charity in United States, based in Wilkesboro, NC. It received its IRS tax-exemption ruling in July 1970, 56 years ago. 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 December 2023, Wilkes Heritage Museum Incorporated reported income of $205k and spending of $245k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $174k to $205k (+18%), an average of +4.2% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wilkes Heritage Museum Incorporated sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include American Planning Association ($205k), Housing and Economic Rural Opportunity Inc ($205k) and Paris Logan County Senior Citizens Inc ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $61k (25% of expenses). Other salaries and wages came to $51k. At year end it held assets of $2.3m against liabilities of $4,562, net assets of $2.3m. It reported 6 employees.