Ellen Noel Art Museum of the Permian Basin

Analysis

Ellen Noel Art Museum of the Permian Basin is a registered charity in United States, based in Odessa, TX. It received its IRS tax-exemption ruling in November 1978, 48 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 August 2023, Ellen Noel Art Museum of the Permian Basin reported income of $6.2m and spending of $1.1m, leaving 83% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.3m to $6.2m (+388%), an average of +49% a year. The sharpest change came in the year to August 2022, when income rose by 194%. Over the whole period it spent 36% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ellen Noel Art Museum of the Permian Basin 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 New Dance Theatre Inc ($6.2m), Vancouver National Historic Reserve Trust ($6.2m) and Wide Angle Youth Media Inc ($6.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 84% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $142k (14% of expenses). Other salaries and wages came to $423k. At year end it held assets of $19.7m against liabilities of $207k, net assets of $19.5m. It reported 14 employees.