Texas State History Museum Foundation

Analysis

Texas State History Museum Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 August 2023, Texas State History Museum Foundation reported income of $1.1m and spending of $883k, spending 80% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.5m to $1.1m (-28%), an average of -8.0% a year. The sharpest change came in the year to August 2020, when income dropped by 23%. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Texas State History Museum Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Central Maine Community Health Corporation ($1.1m), Virginia Beach Billfish Tournament LLC ($1.1m) and Equitable Giving Circle ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 109% of the total. Compensation of current officers, directors and key employees was $126k (14% of expenses). Other salaries and wages came to $32k. It paid $120k in professional fundraising fees. At year end it held assets of $8.1m against liabilities of $293k, net assets of $7.8m. It reported 2 employees.