New Orleans Museum of Art

Analysis

New Orleans Museum of Art is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in January 1963, 63 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, New Orleans Museum of Art reported income of $11.1m and spending of $12.1m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.8m to $11.1m (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Orleans Museum of Art sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within LA. Charities of a similar size with the same main cause include Preservation Foundation of Palm Beach Inc ($11.1m), Greater Austin Performing Arts Center ($11.1m) and Arts and Humanities Council of Montgomery County in ($11.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $717k (5.9% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $102.1m against liabilities of $4.6m, net assets of $97.4m. It reported 110 employees.