Muse Knoxville

Analysis

Muse Knoxville is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in November 1969, 57 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 2023, Muse Knoxville reported income of $2.5m and spending of $1.7m, leaving 31% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $2.5m (+101%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 69%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Muse Knoxville sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include Arts Council of Greater Baton Rouge Inc ($2.5m), National Council for the Traditional Arts ($2.5m) and Dallas Contemporary ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $76k (4.5% of expenses). Other salaries and wages came to $928k. At year end it held assets of $2.1m against liabilities of $443k, net assets of $1.7m. It reported 72 employees.