Nelson Gallery Foundation

Analysis

Nelson Gallery Foundation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in July 1957, 69 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 April 2023, Nelson Gallery Foundation reported income of $10.4m and spending of $41.7m, spending 402% of what it took in. Across the 4 years on record, from April 2020 to April 2023, income fell from $35.5m to $10.4m (-71%), an average of -34% a year. The sharpest change came in the year to April 2023, when income dropped by 60%. Over the whole period it spent 178% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nelson Gallery Foundation 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 94th percentile within MO. Charities of a similar size with the same main cause include Just Capital Foundation Inc ($10.4m), An Claidheamh Soluis Inc ($10.4m) and Lady Lex Museum on the Bay Association ($10.4m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 159% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $995k (2.4% of expenses). Other salaries and wages came to $12.3m. At year end it held assets of $591.7m against liabilities of $129.2m, net assets of $462.5m. It reported 488 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.