Texas Cotton Gin Museum Inc

Analysis

Texas Cotton Gin Museum Inc is a registered charity in United States, based in Burton, TX. It received its IRS tax-exemption ruling in February 1987, 39 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 December 2022, Texas Cotton Gin Museum Inc reported income of $271k and spending of $152k, leaving 44% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $93k to $271k (+190%), an average of +43% a year. The sharpest change came in the year to December 2021, when income rose by 196%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Cotton Gin Museum Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Saint Vincent Depaul Society ($271k), Coburn Free Library ($271k) and Arc of Williamson County ($271k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 61% and program service revenue 2.9% of the total. Other salaries and wages came to $64k. At year end it held assets of $787k against liabilities of $93k, net assets of $694k. It reported 3 employees.