Texas Association of Museums

Analysis

Texas Association of Museums is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 1977, 49 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, Texas Association of Museums reported income of $352k and spending of $315k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $352k (+49%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 177%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Association of Museums 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 69th percentile within TX. Charities of a similar size with the same main cause include Arts Council of Greenwood County Inc ($352k), Dayton Public Access Television Inc ($352k) and Overland Park Historical Society Inc ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 98% of the total. Other salaries and wages came to $73k. At year end it held assets of $108k against liabilities of $16k, net assets of $91k. It reported 1 employees.