Intermuseum Conservation Association

Analysis

Intermuseum Conservation Association is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in November 1954, 72 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Intermuseum Conservation Association reported income of $1.0m and spending of $1.0m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.0m (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2021, when income dropped by 21%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Intermuseum Conservation Association sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include American Frontier Culture Foundation Inc ($1.0m), The Powerhouse ($1.0m) and Little Theatre of Alexandria Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $100k (9.7% of expenses). Other salaries and wages came to $475k. At year end it held assets of $1.7m against liabilities of $218k, net assets of $1.4m. It reported 11 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.