Turrell Art Foundation

Analysis

Turrell Art Foundation is a registered charity in United States, based in Flagstaff, AZ. It received its IRS tax-exemption ruling in July 2009, 17 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, Turrell Art Foundation reported income of $11.4m and spending of $1.0m, leaving 91% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $28.6m to $11.4m (-60%), an average of -20% a year. The sharpest change came in the year to June 2023, when income dropped by 55%. Over the whole period it spent 2.9% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Turrell Art Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within AZ. Charities of a similar size with the same main cause include Ninetwelve Institute Inc ($11.4m), Creative Visions Foundation ($11.4m) and John Michael Kohler Arts Center Inc ($11.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $110k. At year end it held assets of $118.9m against liabilities of $4,827, net assets of $118.9m. It reported 2 employees.