Joel Lane Museum House Inc

Analysis

Joel Lane Museum House Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in November 1972, 54 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, Joel Lane Museum House Inc reported income of $159k and spending of $137k, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $153k to $159k (+4.2%), an average of +1.4% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Joel Lane Museum House Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include Upaya Organization for Contemplative Activities ($159k), American Federation of Astrologers Inc ($159k) and Paul R & Erminie F Hafer Perpetual Charitable TR Fbo BMHV ($159k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 6.0% of the total. Other salaries and wages came to $64k. At year end it held assets of $861k against liabilities of $1,680, net assets of $859k. It reported 3 employees.