Museum of Contemporary Art of Georgia Inc

Analysis

Museum of Contemporary Art of Georgia Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 2001, 25 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, Museum of Contemporary Art of Georgia Inc reported income of $986k and spending of $823k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $986k (-1.7%), an average of -0.4% a year. The sharpest change came in the year to June 2022, when income dropped by 32%. Over the whole period it spent 77% 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 Contemporary Art of Georgia Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within GA. Charities of a similar size with the same main cause include Museum of American Armor Inc ($984k), St Patricks Day Foundation NYC ($986k) and American Research Institute in Turkey Inc ($984k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $302k (37% of expenses). At year end it held assets of $10.5m against liabilities of $408k, net assets of $10.1m.