Holter Museum of Art Inc

Analysis

Holter Museum of Art Inc is a registered charity in United States, based in Helena, MT. It received its IRS tax-exemption ruling in December 1991, 35 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 2023, Holter Museum of Art Inc reported income of $569k and spending of $754k, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $512k to $569k (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2021, when income rose by 88%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Holter Museum of Art Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within MT. Charities of a similar size with the same main cause include St Johnsbury Athenaeum Inc ($569k), Let It Ripple Inc ($569k) and Riddle House Museum ($569k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $38k (5.1% of expenses). Other salaries and wages came to $236k. At year end it held assets of $1.8m against liabilities of $385k, net assets of $1.4m. It reported 14 employees.