The Iredell Museums Inc

Analysis

The Iredell Museums Inc is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in June 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 June 2024, The Iredell Museums Inc reported income of $157k and spending of $152k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $83k to $157k (+89%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 66%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Iredell Museums 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 48th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include Singnasium Inc ($157k), Poulsbo Players ($157k) and Fundacion de Culebra Inc ($157k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $82k. At year end it held assets of $406k against liabilities of $2,022, net assets of $404k. It reported 5 employees.