Houston Museum of Decorative Arts

Analysis

Houston Museum of Decorative Arts is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in January 1967, 59 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 May 2023, Houston Museum of Decorative Arts reported income of $174k and spending of $164k, spending 94% of its income. Across the 2 years on record, from May 2022 to May 2023, income grew from $154k to $174k (+14%), an average of +14% a year. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Houston Museum of Decorative Arts sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within TN. Charities of a similar size with the same main cause include Spotlight Theatre Staten Island Inc ($174k), River City Theatre Company ($174k) and Yydc Inc ($174k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 52% and program service revenue 8.7% of the total. Other salaries and wages came to $61k. At year end it held assets of $245k against liabilities of $28k, net assets of $217k. It reported 5 employees.