National World War I Museum and Memorial

Analysis

National World War I Museum and Memorial is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in October 1920, 106 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, National World War I Museum and Memorial reported income of $19.3m and spending of $10.2m, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.8m to $19.3m (+97%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National World War I Museum and Memorial sits at the 99th percentile: it is larger than about 99% of them. 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 Isabella Stewart Gardner Museum Inc ($19.3m), Friends of the Cultural Center Inc ($19.4m) and Museum of Contemporary Art ($19.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $1.0m (10% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $45.7m against liabilities of $982k, net assets of $44.7m. It reported 62 employees.