Mount Airy Museum of Regional History Inc

Analysis

Mount Airy Museum of Regional History Inc is a registered charity in United States, based in Mount Airy, NC. It received its IRS tax-exemption ruling in February 1992, 34 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, Mount Airy Museum of Regional History Inc reported income of $482k and spending of $457k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $504k to $482k (-4.2%), an average of -1.1% a year. The sharpest change came in the year to December 2020, when income rose by 67%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mount Airy Museum of Regional History Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Hudson River School of Music Inc ($482k), Poncan Theatre Company Inc ($483k) and Franklin Civic Operetta Assoc ($482k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $64k (14% of expenses). Other salaries and wages came to $163k. At year end it held assets of $4.8m against liabilities of $318k, net assets of $4.5m. It reported 10 employees.