Rocky Mount Historical Association

Analysis

Rocky Mount Historical Association is a registered charity in United States, based in Piney Flats, TN. It received its IRS tax-exemption ruling in April 1961, 65 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 2023, Rocky Mount Historical Association reported income of $256k and spending of $302k, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $238k to $256k (+7.6%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rocky Mount Historical Association sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within TN. Charities of a similar size with the same main cause include Mount Gulian Society ($256k), Ensemble Ballet Theatre ($256k) and Fundacion Nacional Para LA Cultura Popular ($256k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $49k (16% of expenses). Other salaries and wages came to $115k. At year end it held assets of $486k against liabilities of $43k, net assets of $443k. It reported 17 employees.