Monroe County Heritage Museum Inc

Analysis

Monroe County Heritage Museum Inc is a registered charity in United States, based in Monroeville, AL. It received its IRS tax-exemption ruling in April 1998, 28 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, Monroe County Heritage Museum Inc reported income of $277k and spending of $284k, spending 103% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $174k to $277k (+59%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Monroe County Heritage Museum Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within AL. Charities of a similar size with the same main cause include Melodic Movements Performing Arts Program Inc ($277k), Tba Theatre Inc ($277k) and Evergreen Chorale Inc ($277k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 42% of the total. Other salaries and wages came to $42k. At year end it held assets of $945k against liabilities of $13k, net assets of $931k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.