Sophienburg Memorial Association

Analysis

Sophienburg Memorial Association is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in December 1980, 46 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 December 2023, Sophienburg Memorial Association reported income of $656k and spending of $426k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $484k to $656k (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 164%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sophienburg Memorial Association sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Centro Cultural de Mexico En El Condado de Orange ($656k), Brazos Valley Museum of Natural History ($656k) and Unbridled Thoroughbred Foundation ($656k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $73k (17% of expenses). Other salaries and wages came to $139k. At year end it held assets of $3.8m against liabilities of $5,881, net assets of $3.8m. It reported 20 employees.