National Museum of Women in the Arts Inc

Analysis

National Museum of Women in the Arts Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1982, 44 years ago. 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, National Museum of Women in the Arts Inc reported income of $24.8m and spending of $11.1m, leaving 55% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $34.2m to $24.8m (-27%), an average of -10% a year. The sharpest change came in the year to June 2021, when income dropped by 35%. Over the whole period it spent 36% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Museum of Women in the Arts Inc 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 98th percentile, and in the 94th percentile within DC. Charities of a similar size with the same main cause include Family Services Inc ($24.8m), Boys and Girls Clubs of Metro Denver Inc ($24.8m) and Akron Summit Community Action Agency ($24.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $1.1m (9.5% of expenses). Other salaries and wages came to $3.2m. It paid $291k in professional fundraising fees. At year end it held assets of $172.1m against liabilities of $17.8m, net assets of $154.3m. It reported 58 employees.