Contemporary Arts Museum Houston

Analysis

Contemporary Arts Museum Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 1949, 77 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Contemporary Arts Museum Houston reported income of $5.7m and spending of $5.3m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $5.7m (+5.3%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income rose by 99%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Contemporary Arts Museum Houston sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Cultural Council of Palm Beach County Inc ($5.7m), Organization for Educational Technology and Curriculum ($5.7m) and The Laundromat Project Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $290k (5.5% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $23.5m against liabilities of $7.7m, net assets of $15.8m. It reported 75 employees.