Alamance County Historical Museum Inc

Analysis

Alamance County Historical Museum Inc is a registered charity in United States, based in Burlington, NC. It received its IRS tax-exemption ruling in December 1975, 51 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 June 2024, Alamance County Historical Museum Inc reported income of $209k and spending of $275k, spending 132% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $174k to $209k (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 121%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alamance County Historical Museum Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Association for the Study of Nationalities Inc ($209k), Aampa African American Museum of Performing Arts Inc ($209k) and Urban Forest Institute ($209k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $53k (19% of expenses). Other salaries and wages came to $47k. At year end it held assets of $1.1m against liabilities of $48, net assets of $1.1m. It reported 4 employees.