Muleshoe Heritage Foundation Inc

Analysis

Muleshoe Heritage Foundation Inc is a registered charity in United States, based in Muleshoe, TX. It received its IRS tax-exemption ruling in March 1985, 41 years ago. 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 July 2023, Muleshoe Heritage Foundation Inc reported income of $78k and spending of $83k, spending 106% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income fell from $125k to $78k (-37%), an average of -14% a year. The sharpest change came in the year to July 2021, when income dropped by 34%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Muleshoe Heritage Foundation 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 30th percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include Ricky and Suzanne Barnes Foundation ($78k), National Society of the Sons of the American Revolution ($78k) and Chieftain Boosters Inc ($78k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 61% and program service revenue 30% of the total. Other salaries and wages came to $26k. At year end it held assets of $905k against liabilities of $2,620, net assets of $903k. It reported 4 employees.