Sonoma Valley Museum of Art

Analysis

Sonoma Valley Museum of Art is a registered charity in United States, based in Sonoma, CA. It received its IRS tax-exemption ruling in August 1998, 28 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, Sonoma Valley Museum of Art reported income of $1.1m and spending of $1.4m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-8.1%), an average of -2.1% a year. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sonoma Valley Museum of Art sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Assemble Inc ($1.1m), The 390th Memorial Museum Foundation ($1.1m) and Third Coast Percussion NFP ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $149k (11% of expenses). Other salaries and wages came to $575k. At year end it held assets of $3.7m against liabilities of $756k, net assets of $3.0m. It reported 24 employees.