Gilcrease Museum Management Trust

Analysis

Gilcrease Museum Management Trust is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in June 2008, 18 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, Gilcrease Museum Management Trust reported income of $19.8m and spending of $5.6m, leaving 72% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.9m to $19.8m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2022, when income rose by 95%. Over the whole period it spent 37% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gilcrease Museum Management Trust sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within OK. Charities of a similar size with the same main cause include Performing Arts Fort Worth Inc ($19.8m), San Francisco Special Events Committee ($19.9m) and San Antonio Museum of Art ($19.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 1.5% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $81.5m against liabilities of $462k, net assets of $81.0m. It reported 66 employees.