The Friends of the Graveyard of the Atlantic Museum

Analysis

The Friends of the Graveyard of the Atlantic Museum is a registered charity in United States, based in Hatteras, NC. It received its IRS tax-exemption ruling in August 1991, 35 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, The Friends of the Graveyard of the Atlantic Museum reported income of $316k and spending of $371k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $192k to $316k (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 205%. Over the whole period it spent 89% 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 Friends of the Graveyard of the Atlantic Museum sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Sierra Nevada Ballet ($316k), West Valley Arts Council ($316k) and Pacific Journal of Mathematics ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $35k (9.4% of expenses). Other salaries and wages came to $2,100. At year end it held assets of $324k against liabilities of $0, net assets of $324k. It reported 1 employees.