Veterans Memorial Museum

Analysis

Veterans Memorial Museum is a registered charity in United States, based in Chehalis, WA. It received its IRS tax-exemption ruling in March 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, Veterans Memorial Museum reported income of $595k and spending of $518k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $348k to $595k (+71%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Veterans Memorial Museum sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within WA. Charities of a similar size with the same main cause include Colorado Forum Fund Inc ($595k), Filmmakers Collaborative Inc ($595k) and Cape Cod Maritime Museum Inc ($595k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $45k (8.8% of expenses). Other salaries and wages came to $111k. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.