Yoakum Heritage Museum

Analysis

Yoakum Heritage Museum is a registered charity in United States, based in Yoakum, TX. It received its IRS tax-exemption ruling in May 1993, 33 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, Yoakum Heritage Museum reported income of $53k and spending of $61k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $53k (-44%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Yoakum Heritage Museum sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within TX. Charities of a similar size with the same main cause include Heart of Texas Country Music Museum Inc ($53k), Artist Expo ($53k) and Prometheus Symphony Orchestra Inc ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $213k against liabilities of $0, net assets of $213k.