Jefferson Library & Museum Assn

Analysis

Jefferson Library & Museum Assn is a registered charity in United States, based in Jefferson, TX. It received its IRS tax-exemption ruling in August 1961, 65 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Jefferson Library & Museum Assn reported income of $128k and spending of $181k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $147k to $128k (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jefferson Library & Museum Assn sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Foreign Language Association of North Carolina ($128k), Blaine Baseball Association ($128k) and St Joseph-Benton Harbor Rotaryclub Foundation Inc ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 4.1% of the total. Other salaries and wages came to $84k. At year end it held assets of $850k against liabilities of $41, net assets of $850k. It reported 2 employees.