Beaux Arts of the Lowe Art Museum of the University of Miami Inc

Analysis

Beaux Arts of the Lowe Art Museum of the University of Miami Inc is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in May 1963, 63 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 May 2023, Beaux Arts of the Lowe Art Museum of the University of Miami Inc reported income of $432k and spending of $457k, spending 106% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $298k to $432k (+45%), an average of +9.8% a year. The sharpest change came in the year to May 2023, when income rose by 48%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Beaux Arts of the Lowe Art Museum of the University of Miami Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Christian Theater Arts Project ($432k), San Luis Obispo Childrens Museum ($432k) and San Angelo Braodway Academy Youth Theatre ($432k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 11% and program service revenue 68% of the total. Other salaries and wages came to $9,400. At year end it held assets of $975k against liabilities of $4,711, net assets of $971k. It reported 4 employees.