Fort Worth Museum of Science and History

Analysis

Fort Worth Museum of Science and History is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in June 1948, 78 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 September 2023, Fort Worth Museum of Science and History reported income of $25.3m and spending of $11.7m, leaving 54% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.5m to $25.3m (+199%), an average of +32% a year. The sharpest change came in the year to September 2023, when income rose by 214%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fort Worth Museum of Science and History sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Utah Symphony & Opera ($25.1m), Starlight Theatre Association of Kansas City Inc ($25.4m) and Petersen Automotive Museum Foundation ($25.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $655k (5.6% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $69.4m against liabilities of $4.7m, net assets of $64.7m. It reported 185 employees.