Veterans History Museum of the Carolinas

Analysis

Veterans History Museum of the Carolinas is a registered charity in United States, based in Brevard, NC. It received its IRS tax-exemption ruling in October 2017, 9 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 December 2023, Veterans History Museum of the Carolinas reported income of $91k and spending of $49k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $108k to $91k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Veterans History Museum of the Carolinas sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within NC. Charities of a similar size with the same main cause include Picco Music Academy Inc ($91k), Tai Chi Chuan Center of Milwaukee Inc ($91k) and Bay Area K Group ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 9.3% of the total. At year end it held assets of $200k against liabilities of $0, net assets of $200k.