Bosque Museum

Analysis

Bosque Museum is a registered charity in United States, based in Clifton, TX. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bosque Museum reported income of $466k and spending of $221k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $210k to $466k (+122%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 144%. 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, Bosque Museum sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Ashland Theater Foundation ($466k), Historical Society of the Phoenixville Area ($466k) and Evanston History Center ($466k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 0.7% of the total. Other salaries and wages came to $111k. At year end it held assets of $3.7m against liabilities of $12k, net assets of $3.7m. It reported 5 employees.