Ava Gardner Museum Inc

Analysis

Ava Gardner Museum Inc is a registered charity in United States, based in Smithfield, NC. It received its IRS tax-exemption ruling in June 1996, 30 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, Ava Gardner Museum Inc reported income of $206k and spending of $200k, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $105k to $206k (+96%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 239%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ava Gardner Museum Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Capitol Theatre of Greeneville Inc ($206k), Eryc Taylor Dance Inc ($206k) and Polaris Dance Company ($206k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $46k (23% of expenses). Other salaries and wages came to $29k. At year end it held assets of $633k against liabilities of $5,180, net assets of $628k. It reported 5 employees.