Menil Foundation Inc

Analysis

Menil Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 1955, 71 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, Menil Foundation Inc reported income of $30.5m and spending of $27.5m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $37.2m to $30.5m (-18%), an average of -4.9% a year. The sharpest change came in the year to June 2021, when income rose by 136%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Menil Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Houston Grand Opera Association Inc ($30.4m), Bigelow Laboratory for Ocean Sciences ($30.5m) and Tennessee Performing Arts Center Management Corporation ($30.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $726k (2.6% of expenses). Other salaries and wages came to $8.0m. It paid $12k in professional fundraising fees. At year end it held assets of $482.1m against liabilities of $2.3m, net assets of $479.8m. It reported 173 employees.