Highlands Museum & Discovery Inc

Analysis

Highlands Museum & Discovery Inc is a registered charity in United States, based in Ashland, KY. It received its IRS tax-exemption ruling in July 1983, 43 years ago. 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 2023, Highlands Museum & Discovery Inc reported income of $1.2m and spending of $377k, leaving 69% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $620k to $1.2m (+94%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 42% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Highlands Museum & Discovery 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 81st percentile, and in the 82nd percentile within KY. Charities of a similar size with the same main cause include Hda Research Foundation ($1.2m), Milestone House ($1.2m) and H C Housing Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $53k (14% of expenses). At year end it held assets of $4.0m against liabilities of $225k, net assets of $3.8m.