Evansville Museum of Arts and Science

Analysis

Evansville Museum of Arts and Science is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in July 1943, 83 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, Evansville Museum of Arts and Science reported income of $1.7m and spending of $1.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $1.7m (-27%), an average of -7.7% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Evansville Museum of Arts and Science sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Seriesfest ($1.7m), Childrens Museum of Southern Minnesota ($1.7m) and Global Digital Heritage ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 6.4% of the total. Other salaries and wages came to $650k. At year end it held assets of $21.5m against liabilities of $660k, net assets of $20.8m. It reported 22 employees.