National Ornamental Metal Museum Inc

Analysis

National Ornamental Metal Museum Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 1979, 47 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, National Ornamental Metal Museum Inc reported income of $3.5m and spending of $2.0m, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $3.5m (+144%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 779%. Over the whole period it spent 32% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Ornamental Metal Museum Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Path with Art ($3.5m), National Comedy Center Operator Inc ($3.5m) and Stern Grove Festival Association ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 9.5% of the total. Other salaries and wages came to $987k. At year end it held assets of $20.9m against liabilities of $66k, net assets of $20.9m. It reported 30 employees.