Huntington Museum of Art Inc

Analysis

Huntington Museum of Art Inc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in November 1948, 78 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Huntington Museum of Art Inc reported income of $1.9m and spending of $2.3m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.1m to $1.9m (-8.2%), an average of -2.1% a year. The sharpest change came in the year to June 2023, when income dropped by 28%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Huntington Museum of Art Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within WV. Charities of a similar size with the same main cause include Ballet Nebraska ($1.9m), Na Leo O Hawaii Inc ($1.9m) and El Paso Symphony Orchestra Assn ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 4.3% of the total. Other salaries and wages came to $887k. At year end it held assets of $24.0m against liabilities of $250k, net assets of $23.8m. It reported 36 employees.