The American Visionary Art Museum Inc

Analysis

The American Visionary Art Museum Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 1994, 32 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, The American Visionary Art Museum Inc reported income of $3.0m and spending of $3.9m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.1m to $3.0m (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The American Visionary Art Museum Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include D6 Family Ministry ($3.0m), Caring Communities for AIDS ($3.0m) and The Rutherford B Hayes Presidential Library and Museums ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $462k (12% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $12.6m against liabilities of $515k, net assets of $12.1m. It reported 73 employees.