The National Museum of Puerto Rican Arts and Culture

Analysis

The National Museum of Puerto Rican Arts and Culture is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2001, 25 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, The National Museum of Puerto Rican Arts and Culture reported income of $3.5m and spending of $18k, leaving 99% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $993k to $3.5m (+254%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 212%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The National Museum of Puerto Rican Arts and Culture sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Charleston Stage Company ($3.5m), Tucson Museum of Art ($3.5m) and Tremont Theatre Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $6.8m against liabilities of $127k, net assets of $6.7m. It reported 9 employees.