Museum of Western Colorado

Analysis

Museum of Western Colorado is a registered charity in United States, based in Grand JCT, CO. It received its IRS tax-exemption ruling in January 1966, 60 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, Museum of Western Colorado reported income of $1.1m and spending of $1.2m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.1m (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2021, when income rose by 102%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of Western Colorado sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include Ashkenaz Music & Dance Community Center ($1.1m), Colour of Music Inc ($1.1m) and Martha Graham School of Contemporary Dance Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $68k (5.5% of expenses). Other salaries and wages came to $555k. At year end it held assets of $5.6m against liabilities of $190k, net assets of $5.4m. It reported 32 employees.