Texas Forestry Museum

Analysis

Texas Forestry Museum is a registered charity in United States, based in Lufkin, TX. It received its IRS tax-exemption ruling in June 1972, 54 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, Texas Forestry Museum reported income of $238k and spending of $331k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $439k to $238k (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Forestry Museum sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include The Wisconsin Philharmonic Inc ($238k), Ennis Public Theatre ($238k) and American Friends of the Almeida Theatre Inc ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 4.6% of the total. Other salaries and wages came to $150k. At year end it held assets of $1.1m against liabilities of $7,463, net assets of $1.1m. It reported 9 employees.