Missouri Historical Society Jefferson Memorial Building

Analysis

Missouri Historical Society Jefferson Memorial Building is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in September 1943, 83 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, Missouri Historical Society Jefferson Memorial Building reported income of $22.4m and spending of $21.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $50.6m to $22.4m (-56%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Missouri Historical Society Jefferson Memorial Building sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MO. Charities of a similar size with the same main cause include Society for the Preservation of New England Antiquities Inc ($22.2m), World War II Theatre Inc ($22.4m) and Woodrow Wilson International Center for Scholars ($22.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $733k (3.4% of expenses). Other salaries and wages came to $8.9m. It paid $47k in professional fundraising fees. At year end it held assets of $145.2m against liabilities of $3.3m, net assets of $141.9m. It reported 232 employees.