Cape Fear Museum Associates Inc

Analysis

Cape Fear Museum Associates Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in June 1972, 54 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 2024, Cape Fear Museum Associates Inc reported income of $242k and spending of $317k, spending 131% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $176k to $242k (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cape Fear Museum Associates Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Cave Research Foundation Inc ($242k), Chumash Museum and Cultural Education Foundation ($242k) and Diaspora Connections Unlimited ($242k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 9.0% of the total. At year end it held assets of $1.8m against liabilities of $1,210, net assets of $1.8m.