Anniston Museum Endowment Corporation

Analysis

Anniston Museum Endowment Corporation is a registered charity in United States, based in Anniston, AL. It received its IRS tax-exemption ruling in October 1986, 40 years ago. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2020, Anniston Museum Endowment Corporation reported income of $117k and spending of $68k, leaving 43% of income unspent that year. Across the 2 years on record, from June 2019 to June 2020, income fell from $129k to $117k (-8.8%), an average of -8.8% a year. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Anniston Museum Endowment Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within AL. Charities of a similar size with the same main cause include Napa Junior Girls Softball League ($117k), Virginia Congress of Parents and Teachers ($117k) and Nami Syracuse Inc ($117k).

On its Form 990 for the period ending June 2020, revenue came from contributions and grants 22% of the total. At year end it held assets of $1.8m against liabilities of $405, net assets of $1.8m.