Greater Southwest Historical Museum

Analysis

Greater Southwest Historical Museum is a registered charity in United States, based in Ardmore, OK. It received its IRS tax-exemption ruling in August 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 (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, Greater Southwest Historical Museum reported income of $358k and spending of $333k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $326k to $358k (+9.8%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greater Southwest Historical Museum sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within OK. Charities of a similar size with the same main cause include Mackinac Arts Council ($358k), Chaldean Community Council ($358k) and National Lighthouse Museum ($358k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $60k (18% of expenses). Other salaries and wages came to $97k. At year end it held assets of $2.1m against liabilities of $65k, net assets of $2.1m. It reported 9 employees.