Museum of Contemporary Art Arlington

Analysis

Museum of Contemporary Art Arlington is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in June 1975, 51 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, Museum of Contemporary Art Arlington reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $583k to $1.1m (+89%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 125%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of Contemporary Art Arlington sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Larchmont-Mamaroneck Community Television Inc ($1.1m), Boston Biostatistics Research FDN Inc ($1.1m) and Toledo Opera Association ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $118k (11% of expenses). Other salaries and wages came to $297k. At year end it held assets of $2.5m against liabilities of $170k, net assets of $2.3m. It reported 11 employees.