Textile Museum of D C

Analysis

Textile Museum of D C is a registered charity in United States, based in Ashburn, VA. It received its IRS tax-exemption ruling in March 1929, 97 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, Textile Museum of D C reported income of $295k and spending of $362k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $187k to $295k (+58%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 266%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Textile Museum of D C sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Aspire Conservatory of Fine & Performing Arts Inc ($295k), Random Good Foundation Inc ($295k) and Blue Sage Center ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.