San Jose Museum of Art Association

Analysis

San Jose Museum of Art Association is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in April 1970, 56 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, San Jose Museum of Art Association reported income of $5.9m and spending of $6.1m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.8m to $5.9m (-13%), an average of -3.6% a year. The sharpest change came in the year to June 2020, when income dropped by 22%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Jose Museum of Art Association sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Norman Rockwell Museum at Stockbridge Inc ($5.9m), Luther F Carson Four Rivers Center Inc ($5.9m) and Confluence Council Inc ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $393k (6.4% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $16.2m against liabilities of $589k, net assets of $15.6m. It reported 85 employees.