Freestone County Historical and Museum Board

Analysis

Freestone County Historical and Museum Board is a registered charity in United States, based in Fairfield, TX. It received its IRS tax-exemption ruling in July 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 September 2024, Freestone County Historical and Museum Board reported income of $79k and spending of $83k, spending 106% of what it took in. Across the 5 years on record, from September 2020 to September 2024, income fell from $292k to $79k (-73%), an average of -28% a year. The sharpest change came in the year to September 2023, when income rose by 197%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Freestone County Historical and Museum Board sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include Nepal Heritage Inc ($79k), Raleigh Music Collective Holding 1 ($79k) and Historic Jessops Church Inc ($79k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $13k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.