Owsley Brown Frazier Historical Arms Museum Foundation Inc

Analysis

Owsley Brown Frazier Historical Arms Museum Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 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 2023, Owsley Brown Frazier Historical Arms Museum Foundation Inc reported income of $2.6m and spending of $4.8m, spending 180% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.0m to $2.6m (-12%), an average of -3.3% a year. The sharpest change came in the year to June 2023, when income dropped by 51%. Over the whole period it spent 131% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Owsley Brown Frazier Historical Arms Museum Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within KY. Charities of a similar size with the same main cause include Hindu American Foundation Inc ($2.6m), Palacios Marine Agricultural Research Inc ($2.6m) and Newark Midland Theatre Association ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $146k (3.1% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $36.0m against liabilities of $7.8m, net assets of $28.2m. It reported 52 employees.