Lake Jackson Historical Association

Analysis

Lake Jackson Historical Association is a registered charity in United States, based in Lake Jackson, TX. It received its IRS tax-exemption ruling in June 1984, 42 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Lake Jackson Historical Association reported income of $254k and spending of $220k, spending 87% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $406k to $254k (-37%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake Jackson Historical Association sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Avon Players ($254k), Imagine Ballet Theatre Inc ($254k) and North Lincoln County Historical Museum Inc ($254k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 63% of the total. Other salaries and wages came to $125k. At year end it held assets of $1.3m against liabilities of $30k, net assets of $1.3m. It reported 5 employees.