Erie Art Museum

Analysis

Erie Art Museum is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in April 1985, 41 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 June 2023, Erie Art Museum reported income of $543k and spending of $946k, spending 174% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $844k to $543k (-36%), an average of -10% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 141% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Erie Art Museum sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Association for Cultural Equity Inc ($543k), Irf Incorporated ($543k) and Leap to Success Inc ($542k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 22% of the total. Other salaries and wages came to $396k. At year end it held assets of $7.3m against liabilities of $137k, net assets of $7.1m. It reported 19 employees.