Boca Raton Museum Foundation Inc

Analysis

Boca Raton Museum Foundation Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in September 1990, 36 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, Boca Raton Museum Foundation Inc reported income of $783k and spending of $121k, leaving 85% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.9m to $783k (-73%), an average of -28% a year. The sharpest change came in the year to September 2021, when income rose by 1001%. Over the whole period it spent 25% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boca Raton Museum Foundation 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 78th percentile within FL. Charities of a similar size with the same main cause include Greater St Louis Honor Flight Inc ($783k), The Key to Change ($784k) and National Wings and Armor Foundation ($783k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $9.0m against liabilities of $1.4m, net assets of $7.6m.