San Angelo Museum of Fine Arts

Analysis

San Angelo Museum of Fine Arts is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in October 1981, 45 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 2023, San Angelo Museum of Fine Arts reported income of $2.4m and spending of $1.8m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.4m (+69%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 147%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Angelo Museum of Fine Arts sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Bedford Playhouse Inc ($2.4m), Loft Inc ($2.4m) and National Council on Education for the Ceramic Arts ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $110k (6.3% of expenses). Other salaries and wages came to $516k. At year end it held assets of $10.1m against liabilities of $1.9m, net assets of $8.2m. It reported 58 employees.