North Dakota Museum of Art

Analysis

North Dakota Museum of Art is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in February 1987, 39 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, North Dakota Museum of Art reported income of $1.9m and spending of $1.1m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.9m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 30%. 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, North Dakota Museum of Art sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within ND. Charities of a similar size with the same main cause include Beneficial Ai Foundation ($1.9m), Association of African American Museums ($1.9m) and Craterian Performances Company ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $57k (5.1% of expenses). Other salaries and wages came to $331k. At year end it held assets of $8.2m against liabilities of $44k, net assets of $8.1m. It reported 21 employees.