Greensboro Historical Museum Inc

Analysis

Greensboro Historical Museum Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in February 1953, 73 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 December 2023, Greensboro Historical Museum Inc reported income of $109k and spending of $221k, spending 202% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $368k to $109k (-70%), an average of -26% a year. The sharpest change came in the year to December 2021, when income dropped by 68%. Over the whole period it spent 120% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greensboro Historical Museum Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Spaaces Foundation Inc ($109k), Care & Shine Foundation ($109k) and Society of American Military Engineers ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $1.8m against liabilities of $17k, net assets of $1.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.