Museum of Wisconsin Art Inc

Analysis

Museum of Wisconsin Art Inc is a registered charity in United States, based in West Bend, WI. It received its IRS tax-exemption ruling in March 1964, 62 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, Museum of Wisconsin Art Inc reported income of $1.8m and spending of $2.6m, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $1.8m (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 120% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of Wisconsin Art Inc 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 WI. Charities of a similar size with the same main cause include Clay Art Center Inc ($1.8m), New York Youth Symphony Inc ($1.8m) and Hagerstown Aviation Museum Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $168k (6.4% of expenses). Other salaries and wages came to $925k. At year end it held assets of $8.9m against liabilities of $260k, net assets of $8.6m. It reported 38 employees.