Klipsch Heritage Museum Association Inc

Analysis

Klipsch Heritage Museum Association Inc is a registered charity in United States, based in Hope, AR. It received its IRS tax-exemption ruling in August 2016, 10 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 June 2023, Klipsch Heritage Museum Association Inc reported income of $69k and spending of $131k, spending 191% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $57k to $69k (+20%), an average of +6.2% a year. The sharpest change came in the year to June 2021, when income rose by 76%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Klipsch Heritage Museum Association Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within AR. Charities of a similar size with the same main cause include Chicago National Brewseum ($69k), Memphis Cultural Arts Enrichment Center ($69k) and Anacortes Arts Foundation ($69k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $60k (46% of expenses). At year end it held assets of $569k against liabilities of $59k, net assets of $510k. It reported 1 employees.