Historic Paris- Bourbon County Inc Hopewell Museum

Analysis

Historic Paris- Bourbon County Inc Hopewell Museum is a registered charity in United States, based in Paris, KY. It received its IRS tax-exemption ruling in March 1979, 47 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Paris- Bourbon County Inc Hopewell Museum reported income of $112k and spending of $138k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $114k to $112k (-1.8%), an average of -0.4% a year. The sharpest change came in the year to December 2020, when income rose by 70%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historic Paris- Bourbon County Inc Hopewell Museum sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within KY. Charities of a similar size with the same main cause include Central Recreation Department ($112k), Mt Baker Preschool ($112k) and Jewish Volunteer Ambulance Corps Inc ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 1.2% of the total. Other salaries and wages came to $36k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 1 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.