A E Bean Backus Gallery & Museum Inc

Analysis

A E Bean Backus Gallery & Museum Inc is a registered charity in United States, based in Fort Pierce, FL. It received its IRS tax-exemption ruling in July 1992, 34 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 June 2023, A E Bean Backus Gallery & Museum Inc reported income of $895k and spending of $786k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $689k to $895k (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, A E Bean Backus Gallery & Museum Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Mobile Opera Inc ($895k), Spokane American Youth Hockey Club Inc ($895k) and American Society of Civil Engineers ($895k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 52% of the total. Other salaries and wages came to $136k. At year end it held assets of $2.1m against liabilities of $162k, net assets of $2.0m.