Veterans Memorial Museum Inc

Analysis

Veterans Memorial Museum Inc is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in July 2007, 19 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, Veterans Memorial Museum Inc reported income of $114k and spending of $76k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $51k to $114k (+124%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 218%. Over the whole period it spent 73% 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 Memorial Museum Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Ma Sharon Chinese Language School ($114k), New Life Foundation ($114k) and Hispana Inc ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $44k (58% of expenses). At year end it held assets of $486k against liabilities of $1,292, net assets of $485k.