National Multicultural Western Heritage Museum

Analysis

National Multicultural Western Heritage Museum is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in May 2002, 24 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, National Multicultural Western Heritage Museum reported income of $274k and spending of $240k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $316k to $274k (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2020, when income dropped by 54%. Over the whole period it spent 133% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Multicultural Western Heritage Museum sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Music for Youth of Arlington Heights ($274k), Putnam County Museum Inc ($274k) and Massachusetts Air and Space Museum Inc ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 13% of the total. Other salaries and wages came to $30k. At year end it held assets of $204k against liabilities of $76k, net assets of $129k.