Joslyn Art Museum

Analysis

Joslyn Art Museum is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in April 1951, 75 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, Joslyn Art Museum reported income of $26.3m and spending of $11.3m, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.7m to $26.3m (+203%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 260%. Over the whole period it spent 32% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Joslyn Art Museum sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NE. Charities of a similar size with the same main cause include Second Stage Theatre ($26.2m), Detroit Public Media ($26.4m) and Johnny Morris Wonders of Wildlife Foundation ($26.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $414k (3.7% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $137.0m against liabilities of $8.2m, net assets of $128.7m. It reported 90 employees.