Macnider Art Museum Foundation

Analysis

Macnider Art Museum Foundation is a registered charity in United States, based in Mason City, IA. It received its IRS tax-exemption ruling in December 1996, 30 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 June 2023, Macnider Art Museum Foundation reported income of $121k and spending of $59k, leaving 51% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $58k to $121k (+111%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 139%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Macnider Art Museum Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within IA. Charities of a similar size with the same main cause include Artists Book House NFP ($121k), Childrens Complex Inc ($121k) and Peterborough Historical Soc ($121k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.