Morris Museum of Art

Analysis

Morris Museum of Art is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in October 1985, 41 years ago. 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, Morris Museum of Art reported income of $2.4m and spending of $1.5m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.4m (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2023, when income rose by 1370%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Morris Museum of Art sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include Flagstaff Bordertown Dormitory Board Inc ($2.4m), Dearborn Young Mens Chrstian Association ($2.4m) and Habitat for Humanity International Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $193k (13% of expenses). Other salaries and wages came to $681k. At year end it held assets of $39.5m against liabilities of $638k, net assets of $38.8m. It reported 27 employees.