Friends of the Corpus Christi Museum of Science and History

Analysis

Friends of the Corpus Christi Museum of Science and History is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in October 1974, 52 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 September 2023, Friends of the Corpus Christi Museum of Science and History reported income of $2.4m and spending of $2.0m, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.0m to $2.4m (-20%), an average of -5.4% a year. The sharpest change came in the year to September 2020, when income dropped by 26%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Corpus Christi Museum of Science and History sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Bruce Springsteen Archives and Center for American Music Corporat ($2.4m), Deetjens Inc ($2.4m) and Peoria Riverfront Museum Foundation ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 34% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $64k (3.1% of expenses). Other salaries and wages came to $906k. At year end it held assets of $1.2m against liabilities of $193k, net assets of $960k. It reported 40 employees.