Dayton Art Institute

Analysis

Dayton Art Institute is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in September 1942, 84 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 December 2023, Dayton Art Institute reported income of $5.8m and spending of $8.6m, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.3m to $5.8m (-8.0%), an average of -2.1% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 129% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dayton Art Institute sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Minnesota Museum of American Art ($5.8m), Museum of Science & History of Jacksonville Inc ($5.8m) and National Forensic League ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $612k (7.2% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $34.9m against liabilities of $2.0m, net assets of $33.0m. It reported 156 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.