Clarksville-Montgomery County Museum

Analysis

Clarksville-Montgomery County Museum is a registered charity in United States, based in Clarksville, TN. It received its IRS tax-exemption ruling in June 1983, 43 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, Clarksville-Montgomery County Museum reported income of $1.6m and spending of $1.7m, spending 109% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.6m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 124% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Clarksville-Montgomery County Museum sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within TN. Charities of a similar size with the same main cause include Jacksonville Educators Broadcasting Inc ($1.6m), Illinois RT 66 Heritage Project ($1.6m) and National Civic Art Society ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $176k (10% of expenses). Other salaries and wages came to $615k. At year end it held assets of $2.6m against liabilities of $75k, net assets of $2.5m. It reported 27 employees.