Contemporary Austin Museum Inc

Analysis

Contemporary Austin Museum Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 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, Contemporary Austin Museum Inc reported income of $6.7m and spending of $9.3m, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.0m to $6.7m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 123% 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 Austin Museum Inc sits at the 97th percentile: it is larger than about 97% 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 Asian Americans Advancing Justice - Chicago ($6.7m), Haleakala Inc ($6.7m) and Childrens Museum of Phoenix ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $449k (4.9% of expenses). Other salaries and wages came to $3.5m. It paid $12k in professional fundraising fees. At year end it held assets of $40.0m against liabilities of $1.2m, net assets of $38.8m. It reported 105 employees.