Old Post Office Museum and Art Center

Analysis

Old Post Office Museum and Art Center is a registered charity in United States, based in Graham, TX. It received its IRS tax-exemption ruling in December 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, Old Post Office Museum and Art Center reported income of $161k and spending of $152k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $38k to $161k (+321%), an average of +43% a year. The sharpest change came in the year to December 2021, when income rose by 378%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Old Post Office Museum and Art Center sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Helen Arts & Heritage Council Inc ($161k), Bach Aria Soloists ($161k) and Hudson Valley Center for Contemporary Art ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $14k (9.4% of expenses). Other salaries and wages came to $18k. At year end it held assets of $1.3m against liabilities of $6,742, net assets of $1.3m. It reported 3 employees.