The Ogden Museum of Southern Art Inc

Analysis

The Ogden Museum of Southern Art Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 2003, 23 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 2022, The Ogden Museum of Southern Art Inc reported income of $4.0m and spending of $3.0m, leaving 25% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $5.1m to $4.0m (-22%), an average of -8.0% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. 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, The Ogden Museum of Southern Art Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within LA. Charities of a similar size with the same main cause include Allied Arts of Oklahoma Inc ($4.0m), Living History Farms Foundation ($4.0m) and Paramount Theatre of the Arts Inc ($4.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 65% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $255k (8.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $6.3m against liabilities of $387k, net assets of $5.9m. It reported 51 employees.