Hockaday Museum of Art

Analysis

Hockaday Museum of Art is a registered charity in United States, based in Kalispell, MT. It received its IRS tax-exemption ruling in July 1969, 57 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 December 2023, Hockaday Museum of Art reported income of $279k and spending of $359k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $330k to $279k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hockaday Museum of Art sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MT. Charities of a similar size with the same main cause include Penn Square Opera ($279k), Cny Arts Center ($279k) and Cormont Music ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $71k (20% of expenses). Other salaries and wages came to $110k. It paid $14k in professional fundraising fees. At year end it held assets of $3.2m against liabilities of $40k, net assets of $3.2m. It reported 6 employees.