Arlington Museum of Art Inc

Analysis

Arlington Museum of Art Inc is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in March 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Arlington Museum of Art Inc reported income of $1.0m and spending of $1.2m, spending 114% of what it took in. Across the 5 years on record, from August 2019 to December 2023, income grew from $417k to $1.0m (+147%), an average of +25% a year. The sharpest change came in the year to August 2021, when income rose by 212%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arlington Museum of Art Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Umiyadham Inc ($1.0m), Gospel Music Association Inc ($1.0m) and Amistad Research Center ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $70k (5.9% of expenses). Other salaries and wages came to $212k. It paid $22k in professional fundraising fees. At year end it held assets of $1.0m against liabilities of $790k, net assets of $235k. It reported 14 employees.