Topaz Museum

Analysis

Topaz Museum is a registered charity in United States, based in Delta, UT. It received its IRS tax-exemption ruling in May 1997, 29 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, Topaz Museum reported income of $445k and spending of $280k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $190k to $445k (+135%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Topaz Museum sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within UT. Charities of a similar size with the same main cause include Hawaii Ballet Theatre for Youth ($445k), Local Theater Company ($445k) and Comfort and Joy ($445k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 4.0% of the total. At year end it held assets of $4.9m against liabilities of $2,776, net assets of $4.9m.