Kmac Museum Inc

Analysis

Kmac Museum Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in July 1981, 45 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 June 2023, Kmac Museum Inc reported income of $1.5m and spending of $1.7m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $1.5m (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2022, when income rose by 222%. 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, Kmac Museum Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within KY. Charities of a similar size with the same main cause include Downtown Columbia Arts and Culture Commission Inc ($1.5m), Artmix Inc ($1.5m) and Soundscapes Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $181k (11% of expenses). Other salaries and wages came to $593k. At year end it held assets of $6.1m against liabilities of $539k, net assets of $5.6m. It reported 22 employees.