Tyler Museum of Art

Analysis

Tyler Museum of Art is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in July 1968, 58 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 2024, Tyler Museum of Art reported income of $1.5m and spending of $1.1m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $949k to $1.5m (+61%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 139%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tyler Museum of Art sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Juneau Arts and Humanities Council ($1.5m), Sheridan Arts Foundation ($1.5m) and Paramount Arts Centre Inc ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $86k (8.1% of expenses). Other salaries and wages came to $290k. At year end it held assets of $9.2m against liabilities of $184k, net assets of $9.0m.