Hazen Historical Museum Foundation Inc

Analysis

Hazen Historical Museum Foundation Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in July 1989, 37 years ago. 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, Hazen Historical Museum Foundation Inc reported income of $139k and spending of $161k, spending 116% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $135k to $139k (+2.8%), an average of +0.5% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hazen Historical Museum Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within TN. Charities of a similar size with the same main cause include Full Gospel Fellowship of Churches and Ministers Intl Inc ($139k), Brockton Symphony Orchestra ($139k) and Kansas Association of School Administrators ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $41k (26% of expenses). Other salaries and wages came to $20k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.