Salado Museum and College Park Inc

Analysis

Salado Museum and College Park Inc is a registered charity in United States, based in Salado, TX. It received its IRS tax-exemption ruling in September 1960, 66 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, Salado Museum and College Park Inc reported income of $67k and spending of $80k, spending 120% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $95k to $67k (-29%), an average of -29% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Salado Museum and College Park Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within TX. Charities of a similar size with the same main cause include Ben E Clement Mineral Museum Inc ($67k), Easton Collaborative Theatre Inc ($67k) and State Capitol Foundation Inc ($67k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $126k against liabilities of $539, net assets of $126k.