Musart Society

Analysis

Musart Society is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in July 1981, 45 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Musart Society reported income of $121k and spending of $152k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $707k to $121k (-83%), an average of -36% a year. The sharpest change came in the year to December 2023, when income rose by 244%. Over the whole period it spent 23% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Musart Society sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within OH. Charities of a similar size with the same main cause include Wayward Artist Inc ($121k), Core Academy of Science Incorporated ($121k) and Wartburg Community Symphony Association Inc ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% of the total. At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m.