McPherson Museum and Arts Foundation

Analysis

McPherson Museum and Arts Foundation is a registered charity in United States, based in McPherson, KS. It received its IRS tax-exemption ruling in October 1985, 41 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, McPherson Museum and Arts Foundation reported income of $383k and spending of $377k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $339k to $383k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, McPherson Museum and Arts Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within KS. Charities of a similar size with the same main cause include Shakertown Revisited Inc ($383k), Southern California Streets Initiative ($383k) and Washington Oxi Day Foundation ($383k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $55k (15% of expenses). Other salaries and wages came to $47k. It paid $13 in professional fundraising fees. At year end it held assets of $3.6m against liabilities of $651k, net assets of $3.0m. It reported 7 employees.