Medal of Honor Museum Foundation

Analysis

Medal of Honor Museum Foundation is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in November 2013, 13 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, Medal of Honor Museum Foundation reported income of $35.6m and spending of $9.7m, leaving 73% of income unspent that year. The sharpest change came in the year to December 2020, when income rose by 928%. Over the whole period it spent 16% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Medal of Honor Museum Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Science Museum of Minnesota ($35.1m), Oregon Shakespeare Festival Association ($35.8m) and Thomas Jefferson Foundation Inc ($35.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $2.0m (21% of expenses). Other salaries and wages came to $1.3m. It paid $98k in professional fundraising fees. At year end it held assets of $173.8m against liabilities of $6.4m, net assets of $167.4m. It reported 28 employees.