Gaston County Museum of Art & History

Analysis

Gaston County Museum of Art & History is a registered charity in United States, based in Dallas, NC. It received its IRS tax-exemption ruling in March 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 June 2023, Gaston County Museum of Art & History reported income of $65k and spending of $119k, spending 182% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $76k to $65k (-15%), an average of -5.2% a year. The sharpest change came in the year to June 2022, when income rose by 289%. Over the whole period it spent 158% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gaston County Museum of Art & History sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within NC. Charities of a similar size with the same main cause include Los Banos Arts Council Inc ($65k), Star Arts Education ($65k) and Hatch Mill Group Inc ($65k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 28% of the total. Other salaries and wages came to $1,140. At year end it held assets of $668k against liabilities of $6,533, net assets of $661k.

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.