Asheville Museum of Science

Analysis

Asheville Museum of Science is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in June 1983, 43 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Asheville Museum of Science reported income of $970k and spending of $926k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $631k to $970k (+54%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 88%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Asheville Museum of Science sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Pacific Rim Cultural Foundation ($970k), International Ballet ($971k) and Pendleton Round-Up Foundation ($970k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $73k (7.9% of expenses). Other salaries and wages came to $288k. At year end it held assets of $2.4m against liabilities of $52k, net assets of $2.4m. It reported 24 employees.