Sheldon Swope Art Museum Inc

Analysis

Sheldon Swope Art Museum Inc is a registered charity in United States, based in Terre Haute, IN. It received its IRS tax-exemption ruling in August 1966, 60 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 June 2023, Sheldon Swope Art Museum Inc reported income of $2.5m and spending of $815k, leaving 67% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $846k to $2.5m (+195%), an average of +43% a year. The sharpest change came in the year to June 2022, when income rose by 75%. Over the whole period it spent 48% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sheldon Swope Art Museum Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include Central Caribbean Marine Institute Inc ($2.5m), Laramie Plains Museum Association Inc ($2.5m) and JMG Productions Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $60k (7.4% of expenses). Other salaries and wages came to $273k. At year end it held assets of $4.9m against liabilities of $100, net assets of $4.9m. It reported 21 employees.