Jefferson Historical Society & Museum

Analysis

Jefferson Historical Society & Museum is a registered charity in United States, based in Jefferson, TX. It received its IRS tax-exemption ruling in August 1949, 77 years ago. 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, Jefferson Historical Society & Museum reported income of $183k and spending of $146k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $283k to $183k (-35%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jefferson Historical Society & Museum sits at the 51st percentile: it is larger than about 50% 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 Tonka Recreation Association ($183k), Isabelle Hunt Memorial Public Library Inc ($183k) and Little League Baseball Inc ($183k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 25% of the total. Other salaries and wages came to $64k. At year end it held assets of $1.5m against liabilities of $755, net assets of $1.5m. It reported 4 employees.