Huntsville Museum Association Inc

Analysis

Huntsville Museum Association Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in January 1977, 49 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 September 2023, Huntsville Museum Association Inc reported income of $1.8m and spending of $769k, leaving 58% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $919k to $1.8m (+98%), an average of +19% a year. The sharpest change came in the year to September 2021, when income rose by 71%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Huntsville Museum Association Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within AL. Charities of a similar size with the same main cause include Vocalessence ($1.8m), Media Theatre for the Performing Arts ($1.8m) and National Mining Hall of Fame and Museum ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $11.4m against liabilities of $31k, net assets of $11.4m.