Museum of the New South Inc

Analysis

Museum of the New South Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in December 1991, 35 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, Museum of the New South Inc reported income of $1.4m and spending of $2.9m, spending 205% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.9m to $1.4m (-24%), an average of -5.4% a year. The sharpest change came in the year to June 2022, when income rose by 196%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of the New South Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Kaneko ($1.4m), Marine Discovery Center Inc ($1.4m) and Symphony Orchestra of Northwest Arkansas ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $263k (9.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $18.4m against liabilities of $85k, net assets of $18.3m. It reported 23 employees.