Deette Holden Cummer Museum Foundation Inc

Analysis

Deette Holden Cummer Museum Foundation Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in November 1982, 44 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 September 2023, Deette Holden Cummer Museum Foundation Inc reported income of $7.1m and spending of $7.1m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $7.5m to $7.1m (-4.7%), an average of -1.2% a year. The sharpest change came in the year to September 2022, when income rose by 82%. 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, Deette Holden Cummer Museum Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include First Step Housing ($7.1m), Air Zoo Legacy Foundation ($7.1m) and Byrd Hoffman Water Mill Foundation ($7.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $467k (6.6% of expenses). Other salaries and wages came to $2.0m. It paid $106k in professional fundraising fees. At year end it held assets of $60.0m against liabilities of $862k, net assets of $59.1m. It reported 75 employees.