Chinati Foundation

Analysis

Chinati Foundation is a registered charity in United States, based in Marfa, TX. It received its IRS tax-exemption ruling in January 1985, 41 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, Chinati Foundation reported income of $836k and spending of $3.7m, spending 439% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $4.0m to $836k (-79%), an average of -41% a year. The sharpest change came in the year to December 2022, when income dropped by 77%. Over the whole period it spent 125% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chinati Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Columbus Pro Musica Inc ($836k), Charles Allis Art Museum Inc ($836k) and Weathervane Theatre Players Inc ($836k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 206% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $524k (14% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $18.5m against liabilities of $297k, net assets of $18.2m. It reported 60 employees.