Allentown Art Museum

Analysis

Allentown Art Museum is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in July 1946, 80 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 June 2024, Allentown Art Museum reported income of $3.5m and spending of $3.0m, spending 86% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.4m to $3.5m (+42%), an average of +7.3% a year. The sharpest change came in the year to June 2024, when income rose by 42%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Allentown Art Museum sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Self-Help Graphics and Arts Inc ($3.5m), Imec USA Nanoelectronics Design Center ($3.5m) and Philadelphia Film Society ($3.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $159k (5.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $28.1m against liabilities of $1.6m, net assets of $26.5m. It reported 49 employees.