Marietta-Cobb Museum of Art Inc

Analysis

Marietta-Cobb Museum of Art Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in June 1986, 40 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, Marietta-Cobb Museum of Art Inc reported income of $715k and spending of $710k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $542k to $715k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marietta-Cobb Museum of Art Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within GA. Charities of a similar size with the same main cause include Journey Theater Arts Group ($715k), East Metro Arts and Culture Council Inc ($715k) and Kings Majestic Corporation ($715k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 25% of the total. Other salaries and wages came to $326k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 9 employees.