Dr Pepper Museum and Free Enterprise Institute

Analysis

Dr Pepper Museum and Free Enterprise Institute is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in June 1988, 38 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, Dr Pepper Museum and Free Enterprise Institute reported income of $3.8m and spending of $2.5m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.8m (+115%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 206%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dr Pepper Museum and Free Enterprise Institute sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Kentucky Dataseam Initiative Inc ($3.8m), Hawaii Opera Theatre ($3.8m) and The John G Shedd Institute for the Arts ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $250k (10% of expenses). Other salaries and wages came to $788k. At year end it held assets of $7.6m against liabilities of $1.4m, net assets of $6.1m.