American Association of Museums

Analysis

American Association of Museums is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in May 1937, 89 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, American Association of Museums reported income of $9.9m and spending of $10.3m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.8m to $9.9m (+0.7%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Association of Museums 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 95th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Rochester Museum and Science Center ($9.9m), Pearl Arts Inc ($9.9m) and Baltimore Public Media Corporation ($9.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $787k (7.7% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $15.6m against liabilities of $9.3m, net assets of $6.3m. It reported 44 employees.