Fort Smith Museum of History

Analysis

Fort Smith Museum of History is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in April 1965, 61 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 June 2023, Fort Smith Museum of History reported income of $312k and spending of $395k, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $255k to $312k (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fort Smith Museum of History sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within AR. Charities of a similar size with the same main cause include Summerville Orchestra ($312k), Miami Valley Ballet Theatre Inc ($312k) and Playmakers Laboratory Theatre ($312k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 14% of the total. Other salaries and wages came to $124k. At year end it held assets of $489k against liabilities of $12k, net assets of $477k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.