John & Mable Ringling Museum of Art Foundation

Analysis

John & Mable Ringling Museum of Art Foundation is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in March 1969, 57 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, John & Mable Ringling Museum of Art Foundation reported income of $2.3m and spending of $1.9m, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.5m to $2.3m (-7.3%), an average of -2.5% a year. The sharpest change came in the year to June 2021, when income dropped by 26%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, John & Mable Ringling Museum of Art Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Long Beach Museum of Art Foundation ($2.3m), Minnpost ($2.3m) and Cache Valley Center for the Arts ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $8.1m against liabilities of $429k, net assets of $7.6m.