Robert and Jane Meyerhoff Modern Art Foundation Inc

Analysis

Robert and Jane Meyerhoff Modern Art Foundation Inc is a registered charity in United States, based in Cockeysville, MD. It received its IRS tax-exemption ruling in August 1999, 27 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Robert and Jane Meyerhoff Modern Art Foundation Inc reported income of $87k and spending of $87k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $62k to $87k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2023, when income rose by 22%. 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, Robert and Jane Meyerhoff Modern Art Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within MD. Charities of a similar size with the same main cause include Huish Performing Arts & Cultural Education Center ($87k), Northport Community Arts Center Inc ($87k) and Benton County Museum and Historical Society ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $129.0m against liabilities of $0, net assets of $129.0m.