Nasher Sculpture Center

Analysis

Nasher Sculpture Center is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 2003, 23 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 June 2023, Nasher Sculpture Center reported income of $13.9m and spending of $13.3m, spending 96% of its income. Across the 4 years on record, from September 2019 to June 2023, income grew from $10.9m to $13.9m (+27%), an average of +8.4% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nasher Sculpture Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Palm Beach Maritime Museum Inc ($13.8m), Cincinnati Ballet Company Inc ($13.9m) and Arizona Science Center ($13.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $1.8m (13% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $4.2m against liabilities of $2.6m, net assets of $1.6m. It reported 83 employees.