Museum Associates Inc

Analysis

Museum Associates Inc is a registered charity in United States, based in Columbia, MO. It received its IRS tax-exemption ruling in April 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, Museum Associates Inc reported income of $52k and spending of $42k, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $109k to $52k (-52%), an average of -22% a year. The sharpest change came in the year to June 2022, when income dropped by 29%. Over the whole period it spent 60% 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 Associates Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within MO. Charities of a similar size with the same main cause include Syrian American Society Inc ($52k), Friends of Mountainview Cemetary ($52k) and Northwest Iowa Symphony Orchestra ($52k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 4.4% of the total. At year end it held assets of $490k against liabilities of $0, net assets of $490k.