Broomfield Veterans Memorial Museum

Analysis

Broomfield Veterans Memorial Museum is a registered charity in United States, based in Broomfield, CO. It received its IRS tax-exemption ruling in May 2014, 12 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, Broomfield Veterans Memorial Museum reported income of $78k and spending of $42k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $124k to $78k (-37%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 54%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Broomfield Veterans Memorial Museum sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within CO. Charities of a similar size with the same main cause include Music at the Red Door Inc ($78k), David Z Foundation ($78k) and Flower Mound Community Orchestra ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $366k against liabilities of $0, net assets of $366k.