Cincinnati Museums Foundation

Analysis

Cincinnati Museums Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 2011, 15 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cincinnati Museums Foundation reported income of $3.0m and spending of $2.0m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $3.0m (+0.1%), an average of +0.0% a year. The sharpest change came in the year to June 2021, when income rose by 1269%. Over the whole period it spent 19% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cincinnati Museums Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Lebanon Opera House Improvement Corporation ($3.0m), Peninsula Players Theatre Foundation Inc ($3.0m) and American Museum in Bath ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $56.9m against liabilities of $464, net assets of $56.9m.