The National Quilt Museum Inc

Analysis

The National Quilt Museum Inc is a registered charity in United States, based in Paducah, KY. It received its IRS tax-exemption ruling in August 1991, 35 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The National Quilt Museum Inc reported income of $997k and spending of $918k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2024, income grew from $949k to $997k (+5.0%), an average of +1.2% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The National Quilt Museum Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within KY. Charities of a similar size with the same main cause include Midland Festival Ballet ($997k), Beagleboard Org Foundation ($997k) and Amas Musical Theatre Inc ($997k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 40% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $31k (3.4% of expenses). Other salaries and wages came to $356k. At year end it held assets of $6.0m against liabilities of $55k, net assets of $5.9m. It reported 19 employees.