Montgomery Museum of Fine Arts Association

Analysis

Montgomery Museum of Fine Arts Association is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in September 1951, 75 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, Montgomery Museum of Fine Arts Association reported income of $2.2m and spending of $1.5m, leaving 34% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.1m to $2.2m (+3.6%), an average of +0.9% a year. The sharpest change came in the year to September 2021, when income rose by 47%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Montgomery Museum of Fine Arts Association 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 90th percentile within AL. Charities of a similar size with the same main cause include Fab Foundation ($2.2m), Rancho Los Alamitos Foundation ($2.2m) and Ivoryton Playhouse Foundation Inc ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 69% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $99k (6.8% of expenses). Other salaries and wages came to $410k. At year end it held assets of $14.9m against liabilities of $514k, net assets of $14.4m. It reported 42 employees.