Art Museum of Southeast Texas

Analysis

Art Museum of Southeast Texas is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in May 1952, 74 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 September 2023, Art Museum of Southeast Texas reported income of $954k and spending of $1.1m, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.0m to $954k (-8.4%), an average of -2.2% a year. The sharpest change came in the year to September 2022, when income dropped by 30%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art Museum of Southeast Texas sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Root Division ($953k), California Vehicle Foundation ($954k) and Port Angeles Symphony Orchestra Inc ($953k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $80k (7.4% of expenses). At year end it held assets of $9.0m against liabilities of $49k, net assets of $8.9m. It reported 16 employees.