Fairmount Historical Museum Inc

Analysis

Fairmount Historical Museum Inc is a registered charity in United States, based in Fairmount, IN. It received its IRS tax-exemption ruling in June 1978, 48 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, Fairmount Historical Museum Inc reported income of $117k and spending of $137k, spending 117% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $66k to $117k (+79%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 110%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fairmount Historical Museum Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within IN. Charities of a similar size with the same main cause include Medieval Womens Choir ($117k), Slave Dwelling Project Inc ($117k) and Willis Wonderland Foundation ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 8.7% of the total. At year end it held assets of $384k against liabilities of $0, net assets of $384k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.