El Paso Museum of Art Foundation

Analysis

El Paso Museum of Art Foundation is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in March 1999, 27 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 August 2023, El Paso Museum of Art Foundation reported income of $338k and spending of $1.3m, spending 373% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $898k to $338k (-62%), an average of -22% a year. The sharpest change came in the year to August 2021, when income rose by 59%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, El Paso Museum of Art Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include New Plaza Cinema Inc ($338k), Monticello Opera House Inc ($338k) and Shane Townley Arts Foundation Inc ($338k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $5.3m against liabilities of $0, net assets of $5.3m.