Lake Wales History Museum Inc

Analysis

Lake Wales History Museum Inc is a registered charity in United States, based in Lake Wales, FL. It received its IRS tax-exemption ruling in July 2019, 7 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 September 2023, Lake Wales History Museum Inc reported income of $220k and spending of $187k, spending 85% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $227k to $220k (-3.1%), an average of -3.1% a year. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake Wales History Museum Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Association for Safe International Road Travel Inc ($220k), The Mundi Project ($220k) and Frederick Book Arts Center Inc ($220k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $87k. At year end it held assets of $156k against liabilities of $0, net assets of $156k. It reported 4 employees.