Birthplace of Country Music Inc

Analysis

Birthplace of Country Music Inc is a registered charity in United States, based in Bristol, TN. It received its IRS tax-exemption ruling in March 1996, 30 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 December 2023, Birthplace of Country Music Inc reported income of $3.8m and spending of $4.0m, spending 104% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $2.4m to $3.8m (+60%), an average of +9.9% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Birthplace of Country Music Inc sits at the 95th percentile: it is larger than about 95% 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 Actionaid USA ($3.8m), Foundation of Palm Springs Unified School District ($3.8m) and Vagabond School of the Drama Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $90k (2.3% of expenses). At year end it held assets of $12.6m against liabilities of $835k, net assets of $11.8m. It reported 27 employees.