Orlando Museum of Art Inc

Analysis

Orlando Museum of Art Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in January 1953, 73 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, Orlando Museum of Art Inc reported income of $3.0m and spending of $4.7m, spending 158% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.0m to $3.0m (-1.9%), an average of -0.5% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Orlando Museum of Art 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 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Days of 47 Rodeo Salt Lake ($3.0m), Wheels Through Time Museum Inc ($3.0m) and Chashama Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $54k (1.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $13.4m against liabilities of $1.1m, net assets of $12.3m. It reported 54 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.