Idabel Museum Society Inc

Analysis

Idabel Museum Society Inc is a registered charity in United States, based in Idabel, OK. It received its IRS tax-exemption ruling in April 1998, 28 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Idabel Museum Society Inc reported income of $915k and spending of $672k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $915k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Idabel Museum Society Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within OK. Charities of a similar size with the same main cause include Haverhill Community TV ($915k), Friends of the Denver School of the Arts ($915k) and National Womens Studies Association University of Maryland ($915k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% of the total. Compensation of current officers, directors and key employees was $82k (12% of expenses). Other salaries and wages came to $214k. At year end it held assets of $11.5m against liabilities of $12k, net assets of $11.5m. It reported 9 employees.