Crystal Bridges Museum of American Art Inc

Analysis

Crystal Bridges Museum of American Art Inc is a registered charity in United States, based in Bentonville, AR. It received its IRS tax-exemption ruling in October 2004, 22 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, Crystal Bridges Museum of American Art Inc reported income of $152.1m and spending of $67.2m, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $117.1m to $152.1m (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2023, when income rose by 150%. Over the whole period it spent 42% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Crystal Bridges Museum of American Art Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within AR. Charities of a similar size with the same main cause include Museum of Fine Arts Houston ($148.0m), American Society of Mechanical Engineers ($160.5m) and Friends of United Hatzalah Inc ($144.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $890k (1.3% of expenses). Other salaries and wages came to $17.7m. At year end it held assets of $1.90bn against liabilities of $0, net assets of $1.90bn. It reported 512 employees.