Matagorda County Museum Association Inc

Analysis

Matagorda County Museum Association Inc is a registered charity in United States, based in Bay City, TX. It received its IRS tax-exemption ruling in November 1964, 62 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Matagorda County Museum Association Inc reported income of $228k and spending of $291k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $239k to $228k (-4.6%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Matagorda County Museum Association Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include A Company of Girls ($228k), David Taylors Zikr Dance Ensemble Inc ($228k) and Babylon Citizens Council on the Arts Inc ($228k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 4.1% of the total. Other salaries and wages came to $106k. At year end it held assets of $1.0m against liabilities of $317, net assets of $1.0m. It reported 7 employees.