Bozeman Art Museum

Analysis

Bozeman Art Museum is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in April 2012, 14 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, Bozeman Art Museum reported income of $261k and spending of $259k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $215k to $261k (+21%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bozeman Art Museum sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MT. Charities of a similar size with the same main cause include Lakeland Foundation ($261k), The Sunshine Center Inc ($261k) and Central Virginia Battlefields Trust Inc ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $49k (19% of expenses). Other salaries and wages came to $40k. At year end it held assets of $360k against liabilities of $47k, net assets of $313k. It reported 15 employees.