Missoula Art Museum

Analysis

Missoula Art Museum is a registered charity in United States, based in Missoula, MT. It received its IRS tax-exemption ruling in May 1995, 31 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, Missoula Art Museum reported income of $998k and spending of $1.3m, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $998k (-25%), an average of -7.1% a year. The sharpest change came in the year to June 2020, when income dropped by 34%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Missoula Art Museum sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within MT. Charities of a similar size with the same main cause include Centro Culturale Italiano Di Buffalo Inc ($997k), Friends Of@levitt Pavilion Dayton ($998k) and Beagleboard Org Foundation ($997k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $107k (8.4% of expenses). Other salaries and wages came to $424k. At year end it held assets of $1.3m against liabilities of $245k, net assets of $1.0m. It reported 19 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.