Basque Museum & Cultural Center Inc

Analysis

Basque Museum & Cultural Center Inc is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in March 1986, 40 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, Basque Museum & Cultural Center Inc reported income of $3.1m and spending of $791k, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $601k to $3.1m (+423%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 273%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Basque Museum & Cultural Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within ID. Charities of a similar size with the same main cause include Western North Carolina Public Radio Inc ($3.1m), Hub on Canal Inc ($3.1m) and Studio Tenn Theatre Company ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $62k (7.8% of expenses). Other salaries and wages came to $324k. At year end it held assets of $5.7m against liabilities of $82k, net assets of $5.7m. It reported 12 employees.