McDowell House Museum Inc

Analysis

McDowell House Museum Inc is a registered charity in United States, based in Danville, KY. It received its IRS tax-exemption ruling in December 1995, 31 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 June 2023, McDowell House Museum Inc reported income of $149k and spending of $146k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $103k to $149k (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2020, when income rose by 411%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McDowell House Museum Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within KY. Charities of a similar size with the same main cause include Early Music Associates Inc ($149k), Hugo Yellow Ribbon Network ($149k) and Mississippi Kidney Foundation Inc ($149k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 2.4% of the total. Other salaries and wages came to $71k. At year end it held assets of $1.4m against liabilities of $2,453, net assets of $1.4m. It reported 10 employees.