Washington County Museum of Fine Arts

Analysis

Washington County Museum of Fine Arts is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in July 1947, 79 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 2024, Washington County Museum of Fine Arts reported income of $5.7m and spending of $2.0m, leaving 65% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.0m to $5.7m (+193%), an average of +31% a year. The sharpest change came in the year to June 2024, when income rose by 195%. Over the whole period it spent 46% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Washington County Museum of Fine Arts sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include National Nordic Museum ($5.7m), Des Moines Metro Opera Inc ($5.8m) and Organization for Educational Technology and Curriculum ($5.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $166k (8.3% of expenses). Other salaries and wages came to $623k. At year end it held assets of $29.1m against liabilities of $62k, net assets of $29.1m. It reported 23 employees.