Historic Mitchelville Freedom Park Inc

Analysis

Historic Mitchelville Freedom Park Inc is a registered charity in United States, based in Hilton Head, SC. It received its IRS tax-exemption ruling in December 2010, 16 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 2022, Historic Mitchelville Freedom Park Inc reported income of $603k and spending of $767k, spending 127% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income grew from $390k to $603k (+55%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 119%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Mitchelville Freedom Park Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within SC. Charities of a similar size with the same main cause include Write on Door County Inc ($603k), Cypress Creek Fine Art Association ($603k) and Open Lunar Foundation ($603k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 106% and program service revenue 2.3% of the total. Other salaries and wages came to $153k. It paid $192k in professional fundraising fees. At year end it held assets of $818k against liabilities of $0, net assets of $818k. It reported 3 employees.