Independence Historical Museum Inc

Analysis

Independence Historical Museum Inc is a registered charity in United States, based in Independence, KS. It received its IRS tax-exemption ruling in March 1935, 91 years ago. 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 December 2023, Independence Historical Museum Inc reported income of $340k and spending of $149k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $169k to $340k (+101%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 138%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independence Historical Museum Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within KS. Charities of a similar size with the same main cause include National Orange Show Foundation ($340k), South Carolina First Steps to School Readiness Board of Trustees ($340k) and Davidson County Community Action Inc ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. Other salaries and wages came to $60k. At year end it held assets of $2.2m against liabilities of $2,087, net assets of $2.2m. It reported 2 employees.