The Museum of Western Art Foundation

Analysis

The Museum of Western Art Foundation is a registered charity in United States, based in Kerrville, TX. It received its IRS tax-exemption ruling in November 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 (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, The Museum of Western Art Foundation reported income of $605k and spending of $579k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $309k to $605k (+96%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Museum of Western Art Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include New Albany Symphony Orchestra Inc ($605k), Shout Mouse Press Inc ($605k) and Education Foundation of the Louisiana Restaurant Assoc Inc ($605k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 15% of the total. Other salaries and wages came to $198k. At year end it held assets of $18.8m against liabilities of $77k, net assets of $18.7m. It reported 4 employees.