Steamboat Art Museum

Analysis

Steamboat Art Museum is a registered charity in United States, based in Steamboat Springs, CO. It received its IRS tax-exemption ruling in February 2008, 18 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, Steamboat Art Museum reported income of $522k and spending of $537k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $447k to $522k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Steamboat Art Museum sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within CO. Charities of a similar size with the same main cause include Salty Earth Pictures Inc ($522k), Whitman Hanson Community Access Corporation ($522k) and Writers Room Inc ($522k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $89k (17% of expenses). Other salaries and wages came to $193k. At year end it held assets of $1.7m against liabilities of $41k, net assets of $1.7m. It reported 11 employees.