Cheyenne Depot Museum Inc

Analysis

Cheyenne Depot Museum Inc is a registered charity in United States, based in Cheyenne, WY. It received its IRS tax-exemption ruling in January 2004, 22 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 March 2023, Cheyenne Depot Museum Inc reported income of $1.2m and spending of $703k, leaving 40% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $658k to $1.2m (+77%), an average of +21% a year. The sharpest change came in the year to March 2023, when income rose by 58%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cheyenne Depot Museum Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within WY. Charities of a similar size with the same main cause include Dreams for Schools ($1.2m), Bergstrom-Mahler Museum Inc ($1.2m) and Nimbus Arts ($1.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 48% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $79k (11% of expenses). Other salaries and wages came to $237k. At year end it held assets of $1.9m against liabilities of $162k, net assets of $1.8m. It reported 19 employees.