Mitford Museum

Analysis

Mitford Museum is a registered charity in United States, based in Hudson, NC. It received its IRS tax-exemption ruling in November 2021, 5 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, Mitford Museum reported income of $191k and spending of $211k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $484k to $191k (-61%), an average of -60% a year. The sharpest change came in the year to December 2023, when income dropped by 61%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mitford Museum sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include Havre de Grace Maritime Museum Inc ($191k), SPF Rotary Frazee House Inc ($191k) and Oklahoma Shakespearean Festival ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $60k (29% of expenses). Other salaries and wages came to $41k. At year end it held assets of $441k against liabilities of $3,037, net assets of $438k. It reported 2 employees.