Jack Nicklaus Museum Inc

Analysis

Jack Nicklaus Museum Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in June 1991, 35 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 December 2023, Jack Nicklaus Museum Inc reported income of $60k and spending of $196k, spending 327% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $28k to $60k (+118%), an average of +22% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 452% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jack Nicklaus Museum Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 24th percentile within OH. Charities of a similar size with the same main cause include Central Heritage Society ($60k), Sounding Point Foundation Corp ($60k) and Twin Cities Mobile Jazz Project ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $27.0m against liabilities of $0, net assets of $27.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.