Hernando Historical Museum Association Inc

Analysis

Hernando Historical Museum Association Inc is a registered charity in United States, based in Brooksville, FL. It received its IRS tax-exemption ruling in August 1981, 45 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, Hernando Historical Museum Association Inc reported income of $101k and spending of $81k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $101k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hernando Historical Museum Association Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include PTA North Carolina Congress ($101k), Nebraska Jazz Orchestra Inc ($101k) and Volunteer and Exempt Firemens Benevolent Assocation of Lakeview ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 96% of the total. At year end it held assets of $159k against liabilities of $0, net assets of $159k.