Forks Timber Museum

Analysis

Forks Timber Museum is a registered charity in United States, based in Forks, WA. It received its IRS tax-exemption ruling in January 1985, 41 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, Forks Timber Museum reported income of $84k and spending of $93k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $93k to $84k (-9.3%), an average of -2.4% a year. The sharpest change came in the year to December 2021, when income rose by 303%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Forks Timber Museum sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 27th percentile within WA. Charities of a similar size with the same main cause include Joy Engine Inc ($84k), Strikers Youth Arts Project Inc ($84k) and Aes World Languages and Cultures Institute Inc ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 30% of the total. Other salaries and wages came to $26k. At year end it held assets of $823k against liabilities of $790, net assets of $822k. It reported 2 employees.