Lillian and Coleman Taube Museum of Art

Analysis

Lillian and Coleman Taube Museum of Art is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in October 1971, 55 years ago. 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, Lillian and Coleman Taube Museum of Art reported income of $166k and spending of $203k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $131k to $166k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 279%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lillian and Coleman Taube Museum of Art sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 42nd percentile within ND. Charities of a similar size with the same main cause include Cass County Information Center ($165k), North Baptist Church ($166k) and Studio Playground LLC ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 24% of the total. Other salaries and wages came to $76k. At year end it held assets of $751k against liabilities of $2,610, net assets of $748k. It reported 5 employees.