Bone Creek Art Museum

Analysis

Bone Creek Art Museum is a registered charity in United States, based in David City, NE. It received its IRS tax-exemption ruling in August 2007, 19 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, Bone Creek Art Museum reported income of $1.2m and spending of $782k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $172k to $1.2m (+615%), an average of +64% a year. The sharpest change came in the year to December 2022, when income rose by 356%. Over the whole period it spent 29% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bone Creek Art Museum sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NE. Charities of a similar size with the same main cause include National Black Arts Festival Inc ($1.2m), Gore Place Society ($1.2m) and Society of the Educational Arts Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $66k. At year end it held assets of $5.0m against liabilities of $1,862, net assets of $5.0m. It reported 3 employees.