Victoria Regional Museum Assn Inc

Analysis

Victoria Regional Museum Assn Inc is a registered charity in United States, based in Victoria, TX. It received its IRS tax-exemption ruling in June 1960, 66 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 May 2023, Victoria Regional Museum Assn Inc reported income of $183k and spending of $264k, spending 144% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $1.3m to $183k (-86%), an average of -38% a year. The sharpest change came in the year to May 2021, when income rose by 639%. Over the whole period it spent 39% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Victoria Regional Museum Assn Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Courtyard of Honor Inc ($183k), Tualatin Valley Creates ($183k) and Trapshooting Hall of Fame Inc ($183k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 32% of the total. Other salaries and wages came to $103k. At year end it held assets of $2.7m against liabilities of -$83, net assets of $2.7m. It reported 7 employees.