Richard Petty Museum Inc

Organization Overview

Richard Petty Museum Inc is located in Randleman, NC. The organization was established in 1995. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richard Petty Museum Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Richard Petty Museum Inc generated $270.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $271.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

THE ONLY ACTIVITY OF THE ORGANIZATION WAS TO MAINTAIN AND OPERATE A MUSEUM TO EDUCATE THE PUBLIC ON THE HISTORY AND RACING CAREER OF RICHARD PETTY.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $4,152
Interest on Savings $0
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $202,011
Other Income $63,977
Total Revenue $270,140

Grants Awarded

Over the last fiscal year, Richard Petty Museum Inc has awarded $1,714 in support to 2 organizations.

Grant RecipientAmount

VICTORY JUNCTION

PURPOSE: OPERATIONAL EXPENSE

$100

VICTORY JUNCTION

PURPOSE: INVENTORY FOR CAMPERS

$1,614
View Grant Profile

Peer Organizations

Organization NameAssets
Country Music Foundation Inc
Nashville, TN
$57,143,980
International African American Museum
Charleston, SC
$11,921,609
Mariners Museum
Newport News, VA
$9,515,563
Atlanta Hall Management Inc
Atlanta, GA
$29,742,044
National Center For Civil And Humanrights Inc
Atlanta, GA
$20,359,980
Tennessee Valley Railroad Museum Inc
Chattanooga, TN
$9,318,568
Georgia Museums Inc
Cartersville, GA
$10,822,598
Discovery Park Of America Inc
Union City, TN
$11,484,473
Tennessee Golf Foundation
Franklin, TN
$6,498,793
Adventure Science Center Nashville
Nashville, TN
$7,402,794
Cultural And Heritage Commission Of York County
Rock Hill, SC
$6,161,292
Science Museum Of Virginia Foundation Incorporated
Richmond, VA
$3,739,341
Tennessee State Museum Foundation
Nashville, TN
$367,996
Museum Of Aviation At Robins Air Force Base Georgia Foundation Inc
Warner Robins, GA
$2,971,391
Eagle Market Streets Development
Asheville, NC
$3,101,437
Museum Of The Cherokee Indian
Cherokee, NC
$1,619,931
William Bremen Jewish Heritage Musuem
Atlanta, GA
$1,793,197
Coastal Discovery Museum
Hilton Head Island, SC
$2,444,065
Earle Brown Music Foundation
Atlanta, GA
$861,615
Delta Air Transport Heritage Museum Inc
Atlanta, GA
$2,697,025
The Black History Museum And Cultural Center Inc
Richmond, VA
$1,399,102
Morris Museum Of Art
Augusta, GA
$163,125
The Hermitage Museum And Gardens
Norfolk, VA
$3,885,276
Museum Of Arts & Sciences Inc
Macon, GA
$2,239,211
Keystone Tractor Museum Inc
Colonial Heights, VA
$750,033

Create an account to unlock the data you need.

or