Texarkana Historical Society and Museum

Analysis

Texarkana Historical Society and Museum is a registered charity in United States, based in Texarkana, TX. It received its IRS tax-exemption ruling in May 1971, 55 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, Texarkana Historical Society and Museum reported income of $344k and spending of $357k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $186k to $344k (+84%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texarkana Historical Society and Museum sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Lions Eye Bank of NW Pa Inc ($344k), National Alliance on Mental Illness -New Mexico Nami-Nm ($344k) and Reckoning International ($344k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 122% and program service revenue 1.3% of the total. Other salaries and wages came to $77k. At year end it held assets of $1.2m against liabilities of $120k, net assets of $1.1m. It reported 55 employees.