Friends of the Turks & Caicos National Museum

Analysis

Friends of the Turks & Caicos National Museum is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in October 2001, 25 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Turks & Caicos National Museum reported income of $104k and spending of $7,866, leaving 92% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.1m to $104k (-95%), an average of -95% a year. The sharpest change came in the year to December 2023, when income dropped by 95%. Over the whole period it spent 4.9% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Turks & Caicos National Museum sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 33rd percentile within NM. Charities of a similar size with the same main cause include Polish-American Cultural Center in Honor of John Paul II ($104k), Friends of Or&n 197 ($104k) and Brookings Arts Council ($104k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.