Historic Arkansas Museum Foundation Inc

Analysis

Historic Arkansas Museum Foundation Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in August 1974, 52 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Arkansas Museum Foundation Inc reported income of $172k and spending of $307k, spending 178% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $188k to $172k (-8.8%), an average of -2.3% a year. The sharpest change came in the year to December 2023, when income rose by 151%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Arkansas Museum Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within AR. Charities of a similar size with the same main cause include Historic Royal Palaces Inc ($172k), Lake Washington Symphony Orchestra ($172k) and Cowboys Forever Foundation ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 0.8% of the total. At year end it held assets of $1.8m against liabilities of $63, net assets of $1.8m.