Museum of Contemporary Art Jacksonville Inc

Analysis

Museum of Contemporary Art Jacksonville Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in August 1949, 77 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 Jacksonville Inc reported income of $3.4m and spending of $2.0m, leaving 40% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $3.4m (+149%), an average of +36% a year. The sharpest change came in the year to June 2023, when income rose by 112%. Over the whole period it spent 94% 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 Jacksonville Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Indiana Dinosaur Museum ($3.4m), Sarasota Film Society Inc ($3.4m) and Carpenters Company of the City and County of Philadelphia ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $255k (13% of expenses). Other salaries and wages came to $691k. At year end it held assets of $9.9m against liabilities of $1.4m, net assets of $8.5m. It reported 52 employees.