Gum Tree Museum of Art Inc

Analysis

Gum Tree Museum of Art Inc is a registered charity in United States, based in Tupelo, MS. It received its IRS tax-exemption ruling in May 1984, 42 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, Gum Tree Museum of Art Inc reported income of $259k and spending of $255k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $121k to $259k (+114%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 112%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gum Tree Museum of Art Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within MS. Charities of a similar size with the same main cause include Dallas Japanese Association Inc ($259k), Maiden Voyage Productions Inc ($259k) and Produciones Contraparte Inc ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 11% of the total. Other salaries and wages came to $15k. At year end it held assets of $262k against liabilities of $259, net assets of $262k. It reported 3 employees.