Museum of Arts & Sciences Inc

Analysis

Museum of Arts & Sciences Inc is a registered charity in United States, based in Macon, GA. It received its IRS tax-exemption ruling in March 1961, 65 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 June 2023, Museum of Arts & Sciences Inc reported income of $1.6m and spending of $1.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.6m (-17%), an average of -4.7% a year. The sharpest change came in the year to June 2022, when income rose by 74%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of Arts & Sciences Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include Charter Oak Temple Restoration Association Inc ($1.6m), Parsons Dance Foundation Inc ($1.6m) and Elementary Institute of Science ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $70k (4.6% of expenses). Other salaries and wages came to $517k. At year end it held assets of $10.1m against liabilities of $70k, net assets of $10.0m. It reported 34 employees.