St Louis Art Museum Foundation

Analysis

St Louis Art Museum Foundation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in September 1985, 41 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 December 2023, St Louis Art Museum Foundation reported income of $19.6m and spending of $12.3m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.3m to $19.6m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, St Louis Art Museum Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MO. Charities of a similar size with the same main cause include Discovery Place Inc ($19.6m), Buffalo Fine Arts Academy ($19.6m) and Rochester Broadway Theatre League Inc ($19.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 0.3% of the total. At year end it held assets of $292.9m against liabilities of $2.6m, net assets of $290.3m.