Cedarburg Art Museum & Society Inc

Analysis

Cedarburg Art Museum & Society Inc is a registered charity in United States, based in Cedarburg, WI. It received its IRS tax-exemption ruling in March 2013, 13 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, Cedarburg Art Museum & Society Inc reported income of $276k and spending of $307k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $160k to $276k (+73%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 102%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cedarburg Art Museum & Society Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within WI. Charities of a similar size with the same main cause include Classical Ballet of Mobile Inc ($276k), Arc of the Central Mountains ($277k) and Uil Region 20 Music ($276k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $46k (15% of expenses). Other salaries and wages came to $110k. At year end it held assets of $1.4m against liabilities of $2,976, net assets of $1.4m. It reported 6 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.