American Windmill Museum Inc

Analysis

American Windmill Museum Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in March 1994, 32 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, American Windmill Museum Inc reported income of $682k and spending of $682k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $683k to $682k (-0.3%), an average of -0.1% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Windmill Museum Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Art Works Downtown Inc ($682k), Kindair at the Benson Theatre ($682k) and Historic Carousel and Museum ($681k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% of the total. Compensation of current officers, directors and key employees was $65k (9.5% of expenses). At year end it held assets of $10.9m against liabilities of $0, net assets of $10.9m. It reported 11 employees.