Bluegrass Heritage Museum Inc

Analysis

Bluegrass Heritage Museum Inc is a registered charity in United States, based in Winchester, KY. It received its IRS tax-exemption ruling in January 2001, 25 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, Bluegrass Heritage Museum Inc reported income of $122k and spending of $177k, spending 145% of what it took in. Across the 3 years on record, from June 2019 to June 2024, income fell from $145k to $122k (-16%), an average of -8.3% a year. The sharpest change came in the year to June 2024, when income rose by 61%. Over the whole period it spent 132% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bluegrass Heritage Museum Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within KY. Charities of a similar size with the same main cause include Museum of New Jersey Maritime History Inc ($122k), San Diego Architectural Foundation ($122k) and Living Earth Productions ($122k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $38k (22% of expenses). Other salaries and wages came to $16k. At year end it held assets of $784k against liabilities of $1,731, net assets of $782k. It reported 2 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.