Grounds for Sculpture Inc

Analysis

Grounds for Sculpture Inc is a registered charity in United States, based in Hamilton, NJ. It received its IRS tax-exemption ruling in May 2000, 26 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 December 2023, Grounds for Sculpture Inc reported income of $9.2m and spending of $9.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.3m to $9.2m (+48%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 147%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grounds for Sculpture Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Santa Fe Institute ($9.2m), Dallas Symphony Foundation ($9.3m) and Center for Independent Documentary Inc ($9.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $756k (8.4% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $61.2m against liabilities of $2.5m, net assets of $58.7m. It reported 140 employees.