Quilters Hall of Fame Inc

Analysis

Quilters Hall of Fame Inc is a registered charity in United States, based in Marion, IN. It received its IRS tax-exemption ruling in August 1992, 34 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, Quilters Hall of Fame Inc reported income of $155k and spending of $145k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $147k to $155k (+4.9%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Quilters Hall of Fame Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within IN. Charities of a similar size with the same main cause include Ascanios Purse ($155k), Denver Art Society ($155k) and Bemidji Community Theater ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $48k (33% of expenses). Other salaries and wages came to $7,844. At year end it held assets of $644k against liabilities of $7,831, net assets of $637k. It reported 2 employees.