National Wasp Wwii Museum Inc

Analysis

National Wasp Wwii Museum Inc is a registered charity in United States, based in Sweetwater, TX. It received its IRS tax-exemption ruling in August 2003, 23 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, National Wasp Wwii Museum Inc reported income of $2.5m and spending of $2.0m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.5m (+65%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 40%. 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, National Wasp Wwii Museum Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Explore New York Corp ($2.5m), Purple Rose Theatre Company ($2.5m) and Castle Preservation Society ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $77k (3.9% of expenses). Other salaries and wages came to $363k. It paid $69k in professional fundraising fees. At year end it held assets of $7.3m against liabilities of $833k, net assets of $6.5m. It reported 18 employees.