Owensboro Area Museum of Science and History Inc

Analysis

Owensboro Area Museum of Science and History Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in August 1969, 57 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 2024, Owensboro Area Museum of Science and History Inc reported income of $396k and spending of $525k, spending 132% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $397k to $396k (-0.2%), an average of +-0.0% a year. The sharpest change came in the year to June 2022, when income rose by 100%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Owensboro Area Museum of Science and History Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within KY. Charities of a similar size with the same main cause include Society for Glycobiology ($396k), New England Quilt Museum ($396k) and Vibe of Portland ($396k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $44k (8.4% of expenses). Other salaries and wages came to $118k. At year end it held assets of $1.2m against liabilities of $71k, net assets of $1.2m. It reported 10 employees.