Yakima Valley Museum & Hist Assn

Analysis

Yakima Valley Museum & Hist Assn is a registered charity in United States, based in Yakima, WA. It received its IRS tax-exemption ruling in August 1953, 73 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 September 2023, Yakima Valley Museum & Hist Assn reported income of $1.8m and spending of $1.2m, leaving 29% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $834k to $1.8m (+110%), an average of +20% a year. The sharpest change came in the year to September 2020, when income rose by 29%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Yakima Valley Museum & Hist Assn sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WA. Charities of a similar size with the same main cause include Gaelic Athletic Association of Greater New York Inc ($1.7m), Community Theater Project Corporation ($1.8m) and Frontier Texas Inc ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $104k (8.3% of expenses). Other salaries and wages came to $313k. At year end it held assets of $9.5m against liabilities of $108k, net assets of $9.4m. It reported 12 employees.