Philbrook Museum of Art Inc

Analysis

Philbrook Museum of Art Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in December 1984, 42 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 June 2023, Philbrook Museum of Art Inc reported income of $19.4m and spending of $10.0m, leaving 48% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.5m to $19.4m (+255%), an average of +53% a year. The sharpest change came in the year to June 2023, when income rose by 79%. 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, Philbrook Museum of Art Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within OK. Charities of a similar size with the same main cause include Friends of the Cultural Center Inc ($19.4m), Mystic Seaport Museum Inc ($19.4m) and National World War I Museum and Memorial ($19.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $826k (8.2% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $82.3m against liabilities of $2.5m, net assets of $79.7m. It reported 183 employees.