Weslaco Museum of Local History and Cultural Art

Analysis

Weslaco Museum of Local History and Cultural Art is a registered charity in United States, based in Weslaco, TX. It received its IRS tax-exemption ruling in August 1971, 55 years ago. 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 June 2023, Weslaco Museum of Local History and Cultural Art reported income of $112k and spending of $137k, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $238k to $112k (-53%), an average of -22% a year. The sharpest change came in the year to June 2021, when income dropped by 65%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Weslaco Museum of Local History and Cultural Art sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include Sudbury for Wounded Warriors ($112k), The State of Alabama Engineering Hall of Fame ($112k) and Highland Youth Sports Advisory Commission ($112k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.4% of the total. Other salaries and wages came to $68k. At year end it held assets of $720k against liabilities of $608, net assets of $720k. It reported 5 employees.