NMB Area Museum Foundation

Analysis

NMB Area Museum Foundation is a registered charity in United States, based in N Myrtle BCH, SC. It received its IRS tax-exemption ruling in July 2022, 4 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, NMB Area Museum Foundation reported income of $89k and spending of $39k, leaving 56% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $84k to $89k (+6.7%), an average of +6.7% a year. Over the whole period it spent 24% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, NMB Area Museum Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 40th percentile within SC. Charities of a similar size with the same main cause include American Druze Foundation ($89k), Akron Society of Plastics Engineers Educational Foundation ($89k) and Friends of Historic Jekyll Island Inc ($89k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $138k against liabilities of $0, net assets of $138k.