North Dakota Museum of Art Foundation

Analysis

North Dakota Museum of Art Foundation is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in January 2000, 26 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, North Dakota Museum of Art Foundation reported income of $94k and spending of $24k, leaving 74% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $110k to $94k (-15%), an average of -3.1% a year. The sharpest change came in the year to June 2021, when income rose by 933%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Dakota Museum of Art Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 26th percentile within ND. Charities of a similar size with the same main cause include Gulliver Historical Society Inc ($94k), Antietam Institute Inc ($94k) and Louisiana Political Museum and Hall of Fame Foundation ($94k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% of the total. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.