Museum of East Texas

Analysis

Museum of East Texas is a registered charity in United States, based in Lufkin, TX. It received its IRS tax-exemption ruling in November 1975, 51 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 March 2023, Museum of East Texas reported income of $627k and spending of $409k, leaving 35% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $433k to $627k (+45%), an average of +9.7% a year. The sharpest change came in the year to March 2020, when income rose by 128%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of East Texas sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Elastic Arts Foundation ($627k), Cottage Theatre ($627k) and Blue Barn Theatre ($627k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 29% of the total. Other salaries and wages came to $215k. At year end it held assets of $6.3m against liabilities of $4,817, net assets of $6.3m. It reported 5 employees.