Western Forest Industries Museum

Analysis

Western Forest Industries Museum is a registered charity in United States, based in Eatonville, WA. It received its IRS tax-exemption ruling in March 1965, 61 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Western Forest Industries Museum reported income of $908k and spending of $1.1m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $91k to $908k (+896%), an average of +78% a year. The sharpest change came in the year to December 2022, when income rose by 11788%. Over the whole period it spent 33% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Western Forest Industries Museum sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Rennie Harris Pure Movement ($908k), 402 Arts Collective ($908k) and Avenue of the Arts Inc ($907k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.9% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $134k (12% of expenses). Other salaries and wages came to $334k. At year end it held assets of $5.2m against liabilities of $394k, net assets of $4.8m. It reported 21 employees.