Heritage Museum of Big Spring

Analysis

Heritage Museum of Big Spring is a registered charity in United States, based in Big Spring, TX. It received its IRS tax-exemption ruling in May 1971, 55 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, Heritage Museum of Big Spring reported income of $404k and spending of $273k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $377k to $404k (+7.1%), an average of +1.7% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heritage Museum of Big Spring sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include PHFFFT Company Inc ($404k), Gujarati Samaj Inc ($404k) and Collections & Stories of American Muslims ($404k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 5.6% of the total. Other salaries and wages came to $103k. At year end it held assets of $2.5m against liabilities of $733, net assets of $2.5m. It reported 9 employees.