Cowboy Arts & Gear Museum

Analysis

Cowboy Arts & Gear Museum is a registered charity in United States, based in Elko, NV. It received its IRS tax-exemption ruling in September 2016, 10 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 2023, Cowboy Arts & Gear Museum reported income of $102k and spending of $87k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $771k to $102k (-87%), an average of -40% a year. The sharpest change came in the year to December 2020, when income dropped by 79%. Over the whole period it spent 42% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cowboy Arts & Gear Museum sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within NV. Charities of a similar size with the same main cause include Compton Kidz Club ($102k), Kansas Geological Foundation ($102k) and Rocky Mountain Percussion Association ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $626k against liabilities of $0, net assets of $626k.