Red River Valley Veterans Memorial Museum Inc

Analysis

Red River Valley Veterans Memorial Museum Inc is a registered charity in United States, based in Paris, TX. It received its IRS tax-exemption ruling in October 2011, 15 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 December 2023, Red River Valley Veterans Memorial Museum Inc reported income of $237k and spending of $176k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $183k to $237k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Red River Valley Veterans Memorial Museum Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Cabinet of Curiosity ($237k), Berean Community Center Inc ($237k) and India Center of Westchester Inc ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $1.5m against liabilities of $43, net assets of $1.5m.