Friends of New Bern Firemens Museum Inc

Analysis

Friends of New Bern Firemens Museum Inc is a registered charity in United States, based in New Bern, NC. It received its IRS tax-exemption ruling in October 2004, 22 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 June 2024, Friends of New Bern Firemens Museum Inc reported income of $55k and spending of $58k, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $62k to $55k (-12%), an average of -3.1% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of New Bern Firemens Museum Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within NC. Charities of a similar size with the same main cause include Lodge Approach ($55k), Casino Theater Restoration and Management Inc ($55k) and South Florida Leuva Patidar Samaj ($55k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 41% and program service revenue 57% of the total. At year end it held assets of $111k against liabilities of $919, net assets of $110k.