The Wiregrass Museum of Art Inc

Analysis

The Wiregrass Museum of Art Inc is a registered charity in United States, based in Dothan, AL. It received its IRS tax-exemption ruling in July 1988, 38 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, The Wiregrass Museum of Art Inc reported income of $777k and spending of $761k, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $582k to $777k (+33%), an average of +7.5% a year. The sharpest change came in the year to September 2022, when income rose by 22%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Wiregrass Museum of Art Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within AL. Charities of a similar size with the same main cause include Taiwanese-American Foundation of San Diego ($777k), Lindsborg Old Mill and Swedish Heritage Museum Inc ($777k) and Art Center of the Bluegrass Inc ($777k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 87% and program service revenue 9.8% of the total. Other salaries and wages came to $302k. At year end it held assets of $1.3m against liabilities of $14k, net assets of $1.3m.