Wharton County Museum Association

Analysis

Wharton County Museum Association is a registered charity in United States, based in Wharton, TX. It received its IRS tax-exemption ruling in December 1974, 52 years ago. 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, Wharton County Museum Association reported income of $138k and spending of $92k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income fell from $164k to $138k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2019, when income dropped by 100%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wharton County Museum Association sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($138k), Omaha Area Board of Realtors Foundation ($138k) and Warrior Youth Athletics Inc ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Other salaries and wages came to $44k. At year end it held assets of $1.1m against liabilities of $12k, net assets of $1.1m. It reported 4 employees.