Cincinnati Museum Association

Analysis

Cincinnati Museum Association is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in January 1934, 92 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Cincinnati Museum Association reported income of $26.9m and spending of $23.7m, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $21.7m to $26.9m (+24%), an average of +5.5% a year. The sharpest change came in the year to August 2020, when income rose by 20%. Over the whole period it spent 75% 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 Museum Association sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Baltimore Symphony Orchestra Inc ($26.9m), Rocky Mountain Public Media Inc ($27.0m) and Cincinnati Museum Center ($26.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 67% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $909k (3.8% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $263.5m against liabilities of $6.8m, net assets of $256.7m. It reported 337 employees.