Waterworks Art Museum

Analysis

Waterworks Art Museum is a registered charity in United States, based in Miles City, MT. It received its IRS tax-exemption ruling in January 1976, 50 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, Waterworks Art Museum reported income of $153k and spending of $166k, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $189k to $153k (-19%), an average of -6.8% a year. The sharpest change came in the year to June 2022, when income dropped by 20%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Waterworks Art Museum sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within MT. Charities of a similar size with the same main cause include Multi Cultural Mosiac Foundation ($153k), Convergence-Continuum ($153k) and Lexington Arts Council Inc ($153k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $51k (31% of expenses). Other salaries and wages came to $31k. At year end it held assets of $909k against liabilities of $0, net assets of $909k. It reported 4 employees.