Museum of Nebraska Art

Analysis

Museum of Nebraska Art is a registered charity in United States, based in Kearney, NE. It received its IRS tax-exemption ruling in February 1979, 47 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, Museum of Nebraska Art reported income of $13.5m and spending of $1.1m, leaving 92% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.2m to $13.5m (+529%), an average of +85% a year. The sharpest change came in the year to June 2022, when income rose by 184%. Over the whole period it spent 16% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of Nebraska Art sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within NE. Charities of a similar size with the same main cause include Human Services Research Institute Inc ($13.5m), Center for Jewish History Inc ($13.6m) and South Street Theater Co Inc ($13.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $146k (13% of expenses). Other salaries and wages came to $267k. At year end it held assets of $42.4m against liabilities of $793k, net assets of $41.6m. It reported 3 employees.