Swenson Memorial Museum of Stephens County Inc

Analysis

Swenson Memorial Museum of Stephens County Inc is a registered charity in United States, based in Breckenridge, TX. It received its IRS tax-exemption ruling in May 1970, 56 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 December 2023, Swenson Memorial Museum of Stephens County Inc reported income of $68k and spending of $51k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $87k to $68k (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2021, when income rose by 345%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Swenson Memorial Museum of Stephens County Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within TX. Charities of a similar size with the same main cause include Havens for the Arts Inc ($68k), Community Music School of Santa Cruz ($68k) and Opera at Florham Inc ($68k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 2.8% of the total. Other salaries and wages came to $14k. At year end it held assets of $187k against liabilities of $465, net assets of $186k. It reported 3 employees.