B B King Museum and Delta Interpretive Center

Analysis

B B King Museum and Delta Interpretive Center is a registered charity in United States, based in Indianola, MS. It received its IRS tax-exemption ruling in February 2003, 23 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, B B King Museum and Delta Interpretive Center reported income of $1.7m and spending of $1.5m, spending 84% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $925k to $1.7m (+87%), an average of +17% a year. The sharpest change came in the year to April 2022, when income rose by 73%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, B B King Museum and Delta Interpretive Center sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within MS. Charities of a similar size with the same main cause include Bach Festival Society of Winter Park ($1.7m), Theatrical Outfit Inc ($1.7m) and Muddy Sneakers Inc ($1.7m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $456k. At year end it held assets of $10.6m against liabilities of $2.4m, net assets of $8.2m. It reported 25 employees.