Army Medical Department Museum Foundation Inc

Analysis

Army Medical Department Museum Foundation Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in August 1978, 48 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, Army Medical Department Museum Foundation Inc reported income of $135k and spending of $105k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $248k to $135k (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income dropped by 45%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Army Medical Department Museum Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include International Friend of the Intl Lyric Art Festival in Aix-En ($135k), Governors Residence Preservation Fund ($135k) and Theatre Longview ($135k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. Other salaries and wages came to $53k. At year end it held assets of $1.2m against liabilities of $8,054, net assets of $1.2m. It reported 3 employees.