Western North Carolina Historical Association Incorporation

Analysis

Western North Carolina Historical Association Incorporation is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in January 1974, 52 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 April 2023, Western North Carolina Historical Association Incorporation reported income of $193k and spending of $372k, spending 193% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $2.3m to $193k (-92%), an average of -46% a year. The sharpest change came in the year to April 2021, when income rose by 2085%. Over the whole period it spent 21% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Western North Carolina Historical Association Incorporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Friends of the City of Raleigh Museum ($193k), Transformative Arts ($193k) and Higginson 1908 Foundation Inc ($193k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 51% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $76k (20% of expenses). Other salaries and wages came to $42k. At year end it held assets of $3.6m against liabilities of $2,301, net assets of $3.6m. It reported 2 employees.