Military Heritage Museum Inc

Analysis

Military Heritage Museum Inc is a registered charity in United States, based in Punta Gorda, FL. It received its IRS tax-exemption ruling in January 2002, 24 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 2022, Military Heritage Museum Inc reported income of $752k and spending of $808k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $477k to $752k (+58%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Military Heritage Museum Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Society for Cinema & Media Studies ($752k), Delaware Arts Alliance Inc ($752k) and Montana Family Institute Inc ($752k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 42% and program service revenue 49% of the total. Other salaries and wages came to $271k. At year end it held assets of $1.7m against liabilities of $625k, net assets of $1.0m.