Elmhurst Art Museum

Analysis

Elmhurst Art Museum is a registered charity in United States, based in Elmhurst, IL. It received its IRS tax-exemption ruling in March 1997, 29 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, Elmhurst Art Museum reported income of $2.0m and spending of $1.3m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $2.0m (+92%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Elmhurst Art Museum sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Osceola Center for the Arts ($2.0m), Match Midtown Arts & Theater Center Houston ($2.0m) and Innovate Mississippi ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $189k (15% of expenses). Other salaries and wages came to $326k. It paid $19k in professional fundraising fees. At year end it held assets of $4.1m against liabilities of $410k, net assets of $3.7m. It reported 14 employees.