Historic Macon Foundation Inc

Analysis

Historic Macon Foundation Inc is a registered charity in United States, based in Macon, GA. It received its IRS tax-exemption ruling in July 1976, 50 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, Historic Macon Foundation Inc reported income of $838k and spending of $1.5m, spending 175% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $1.0m to $838k (-20%), an average of -5.3% a year. The sharpest change came in the year to April 2022, when income rose by 113%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Macon Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within GA. Charities of a similar size with the same main cause include 12m Yacht Development Foundation Inc ($837k), Friends of Bayou St John ($838k) and Society for Social Studies of Science ($837k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 44% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $145k (9.9% of expenses). Other salaries and wages came to $423k. At year end it held assets of $6.6m against liabilities of $1.1m, net assets of $5.6m. It reported 12 employees.