The 390th Memorial Museum Foundation

Analysis

The 390th Memorial Museum Foundation is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in September 1981, 45 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, The 390th Memorial Museum Foundation reported income of $1.1m and spending of $1.0m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-9.9%), an average of -2.6% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The 390th Memorial Museum Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within AZ. Charities of a similar size with the same main cause include Sonoma Valley Museum of Art ($1.1m), Port Townsend Marine Science Center ($1.1m) and Assemble Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $107k (10% of expenses). At year end it held assets of $7.7m against liabilities of $113k, net assets of $7.6m. It reported 12 employees.