Boonescreek Historical Trust

Analysis

Boonescreek Historical Trust is a registered charity in United States, based in Gray, TN. It received its IRS tax-exemption ruling in September 2009, 17 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, Boonescreek Historical Trust reported income of $827k and spending of $69k, leaving 92% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $410k to $827k (+102%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 1201%. Over the whole period it spent 22% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boonescreek Historical Trust sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include Beverly Cable and Telecommunications Corporation ($826k), Heights Foundation Inc ($827k) and Renaissance Theaterworks Inc ($826k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.