Edmundson Art Foundation Inc

Analysis

Edmundson Art Foundation Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in March 1949, 77 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, Edmundson Art Foundation Inc reported income of $10.8m and spending of $10.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.0m to $10.8m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 175%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Edmundson Art Foundation 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 95th percentile within IA. Charities of a similar size with the same main cause include Pacific Public Media ($10.8m), Tacoma Arts Live ($10.8m) and Texas Center for Arts-Academics ($10.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $670k (6.6% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $159.8m against liabilities of $1.7m, net assets of $158.1m. It reported 130 employees.