De Cordova and Dana Museum and Park

Analysis

De Cordova and Dana Museum and Park is a registered charity in United States, based in Lincoln, MA. It received its IRS tax-exemption ruling in July 1949, 77 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 March 2023, De Cordova and Dana Museum and Park reported income of $5.0m and spending of $4.2m, spending 84% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $4.3m to $5.0m (+16%), an average of +5.1% a year. The sharpest change came in the year to March 2022, when income rose by 46%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, De Cordova and Dana Museum and Park sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Butler Institute of American Art ($5.0m), The Brick ($5.0m) and The Wick Theatre & Costume Museum Inc ($5.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 43% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $78k (1.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $19.2m against liabilities of $2.0m, net assets of $17.1m.