Plains Art Museum

Analysis

Plains Art Museum is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in November 1977, 49 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, Plains Art Museum reported income of $5.5m and spending of $2.9m, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $5.5m (+199%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 61%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Plains Art Museum sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within ND. Charities of a similar size with the same main cause include Pennsylvania Humanities Council ($5.4m), Clay Studio ($5.5m) and Center for Inquiry Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $271k (9.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $13.4m against liabilities of $1.6m, net assets of $11.8m. It reported 128 employees.