World Chess Museum Inc

Analysis

World Chess Museum Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in September 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, World Chess Museum Inc reported income of $4.0m and spending of $3.2m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $4.0m (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, World Chess Museum Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within MO. Charities of a similar size with the same main cause include Oklahoma Hall of Fame Inc ($4.0m), Cedar Valley Seminary Foundation Inc ($4.0m) and Colorado Springs Philharmonic Orchestra ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $140k (4.4% of expenses). Other salaries and wages came to $919k. It paid $34k in professional fundraising fees. At year end it held assets of $5.8m against liabilities of $3.4m, net assets of $2.4m. It reported 33 employees.