The Kentuck Museum Association Inc

Analysis

The Kentuck Museum Association Inc is a registered charity in United States, based in Northport, AL. It received its IRS tax-exemption ruling in June 1985, 41 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, The Kentuck Museum Association Inc reported income of $834k and spending of $1.1m, spending 127% of what it took in. Across the 2 years on record, from December 2019 to December 2023, income grew from $580k to $834k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 125% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Kentuck Museum Association Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within AL. Charities of a similar size with the same main cause include Theatre Jacksonville Inc ($834k), Tilt Institute for the Contemporary Imag ($834k) and Jonah Bokaer Arts Foundation Inc ($834k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 64% of the total. Other salaries and wages came to $358k. At year end it held assets of $1.4m against liabilities of $8,429, net assets of $1.4m. It reported 11 employees.