The Museum of North Texas History

Analysis

The Museum of North Texas History is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in October 2000, 26 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, The Museum of North Texas History reported income of $133k and spending of $123k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $163k to $133k (-19%), an average of -5.0% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 100% 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 Museum of North Texas History sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Commonwealth North Inc ($133k), Society for the Preservation of Carter Railroad Resources ($133k) and Festival Ballet of North Central Texas Inc ($133k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $30k (25% of expenses). Other salaries and wages came to $43k. At year end it held assets of $949k against liabilities of $1,724, net assets of $947k. It reported 4 employees.