Bristol Art Museum

Analysis

Bristol Art Museum is a registered charity in United States, based in Bristol, RI. It received its IRS tax-exemption ruling in February 1965, 61 years ago. 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, Bristol Art Museum reported income of $73k and spending of $111k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $89k to $73k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 145% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bristol Art Museum sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 24th percentile within RI. Charities of a similar size with the same main cause include Chickasha Area Arts Council Inc ($73k), Training Orchestra Inc ($73k) and The Auxillary of Lake Hospital System Inc ($73k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 58% of the total. Other salaries and wages came to $36k. At year end it held assets of $838k against liabilities of $925, net assets of $837k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.