Murfreesboro Historical Assn Inc

Analysis

Murfreesboro Historical Assn Inc is a registered charity in United States, based in Murfreesboro, NC. It received its IRS tax-exemption ruling in July 1967, 59 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 December 2023, Murfreesboro Historical Assn Inc reported income of $378k and spending of $171k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $877k to $378k (-57%), an average of -19% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Murfreesboro Historical Assn Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Thegifted Arts Inc ($378k), Praize Productions Inc ($378k) and Ali Akbar College of Music ($378k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 8.2% of the total. Other salaries and wages came to $18k. At year end it held assets of $5.1m against liabilities of $1,503, net assets of $5.1m. It reported 1 employees.