Wrightsville Beach Museum Inc

Analysis

Wrightsville Beach Museum Inc is a registered charity in United States, based in Writsvlle BCH, NC. It received its IRS tax-exemption ruling in August 1998, 28 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, Wrightsville Beach Museum Inc reported income of $103k and spending of $119k, spending 115% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $288k to $103k (-64%), an average of -40% a year. The sharpest change came in the year to December 2022, when income dropped by 70%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wrightsville Beach Museum Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within NC. Charities of a similar size with the same main cause include San Diego Urban Warriors ($103k), Gloster Project ($103k) and African-American Heritage Association of St Petersburg FL in ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 1.2% of the total. At year end it held assets of $224k against liabilities of $89k, net assets of $135k.