Walter Anderson Museum of Art Incorporated

Analysis

Walter Anderson Museum of Art Incorporated is a registered charity in United States, based in Ocean Springs, MS. It received its IRS tax-exemption ruling in December 1975, 51 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, Walter Anderson Museum of Art Incorporated reported income of $1.1m and spending of $1.1m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $542k to $1.1m (+94%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Walter Anderson Museum of Art Incorporated sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within MS. Charities of a similar size with the same main cause include Atlantic Center for the Arts Inc ($1.1m), Piikanii Lodge Health Institute ($1.1m) and Jackson School of the Arts Association ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $109k (9.9% of expenses). Other salaries and wages came to $351k. At year end it held assets of $3.5m against liabilities of $146k, net assets of $3.4m. It reported 19 employees.