Trout Museum of Art Inc

Analysis

Trout Museum of Art Inc is a registered charity in United States, based in Appleton, WI. 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 December 2023, Trout Museum of Art Inc reported income of $10.9m and spending of $978k, leaving 91% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $70k to $10.9m (+15373%), an average of +174% a year. The sharpest change came in the year to December 2020, when income rose by 3024%. Over the whole period it spent 25% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Trout Museum of Art Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Peter G Peterson Institute for International Economics ($10.9m), Bexar Bulverde Volunteer Fire Department ($10.9m) and Oregon Historical Society ($10.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $98k (10.0% of expenses). Other salaries and wages came to $374k. At year end it held assets of $12.9m against liabilities of $241k, net assets of $12.7m. It reported 14 employees.