Normal Park Museum Magnet Education Fund

Analysis

Normal Park Museum Magnet Education Fund is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Normal Park Museum Magnet Education Fund reported income of $283k and spending of $265k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $218k to $283k (+30%), an average of +9.1% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Normal Park Museum Magnet Education Fund sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within TN. Charities of a similar size with the same main cause include Ohio Empowerment Centers Inc ($283k), Circle School ($283k) and Grace Christian Academy of Pulaski Inc ($283k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 8.3% of the total. Other salaries and wages came to $46k. At year end it held assets of $180k against liabilities of $947, net assets of $179k. It reported 1 employees.