Old Independence Regional Museum Inc

Analysis

Old Independence Regional Museum Inc is a registered charity in United States, based in Batesville, AR. It received its IRS tax-exemption ruling in June 1994, 32 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, Old Independence Regional Museum Inc reported income of $208k and spending of $193k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $108k to $208k (+92%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Old Independence Regional Museum Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within AR. Charities of a similar size with the same main cause include Sound Affects Music ($208k), Last Whispers Inc ($208k) and Cleveland Junior Tamburitzans - Croatian Pride Inc ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $79k (41% of expenses). At year end it held assets of $1.4m against liabilities of $4,325, net assets of $1.4m. It reported 3 employees.