McMinn County Living Heritage Museum Inc

Analysis

McMinn County Living Heritage Museum Inc is a registered charity in United States, based in Athens, TN. It received its IRS tax-exemption ruling in February 1982, 44 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, McMinn County Living Heritage Museum Inc reported income of $751k and spending of $313k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $248k to $751k (+202%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 130%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, McMinn County Living Heritage Museum Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include LA Pena Cultural Center Inc ($751k), Artist Series Concerts of Sarasota Inc ($751k) and 1940s Ball NFP ($750k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $45k (14% of expenses). Other salaries and wages came to $75k. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m. It reported 8 employees.