Museum of the Southwest

Analysis

Museum of the Southwest is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in October 1966, 60 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, Museum of the Southwest reported income of $2.4m and spending of $3.8m, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.7m to $2.4m (-57%), an average of -19% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of the Southwest sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Euchee Yuchi Language Project Inc ($2.4m), The National Center for Genome Resources ($2.4m) and Connecticut Alliance of Foster and Adoptive Families Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $99k (2.6% of expenses). Other salaries and wages came to $907k. At year end it held assets of $19.1m against liabilities of $631k, net assets of $18.4m. It reported 26 employees.