The Heritage Park Museum of East Texas

Analysis

The Heritage Park Museum of East Texas is a registered charity in United States, based in Edgewood, TX. It received its IRS tax-exemption ruling in March 1991, 35 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 May 2024, The Heritage Park Museum of East Texas reported income of $53k and spending of $46k, spending 88% of its income. Across the 4 years on record, from May 2021 to May 2024, income fell from $74k to $53k (-28%), an average of -10% a year. The sharpest change came in the year to May 2024, when income dropped by 27%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Heritage Park Museum of East Texas sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within TX. Charities of a similar size with the same main cause include Casa de LA Cultura Hispana de Lexington ($53k), International Technology Center ($53k) and Herberts Ford Memorial Museum ($53k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 3.6% and program service revenue 36% of the total. At year end it held assets of $623k against liabilities of $0, net assets of $623k.