Cotton Museum Inc

Analysis

Cotton Museum Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in December 2000, 26 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, Cotton Museum Inc reported income of $129k and spending of $170k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $118k to $129k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 289%. Over the whole period it spent 135% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cotton Museum Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within TN. Charities of a similar size with the same main cause include Handmade Music School ($129k), LTX Org Limited ($130k) and Highland North Music ($129k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 27% of the total. Other salaries and wages came to $51k. At year end it held assets of $868k against liabilities of $195k, net assets of $672k. It reported 8 employees.