Kansas City Museum Foundation Inc

Analysis

Kansas City Museum Foundation Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in January 2014, 12 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, Kansas City Museum Foundation Inc reported income of $4.2m and spending of $2.1m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to April 2023, income grew from $2.3m to $4.2m (+83%), an average of +16% a year. The sharpest change came in the year to April 2022, when income rose by 49044%. Over the whole period it spent 36% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kansas City Museum Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within MO. Charities of a similar size with the same main cause include Childrens Cancer Association ($4.2m), Palace Performing Arts Center Inc ($4.2m) and Merry-Go-Round Playhouse Inc ($4.2m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $117k (5.5% of expenses). Other salaries and wages came to $497k. At year end it held assets of $9.9m against liabilities of $218k, net assets of $9.7m. It reported 13 employees.