Supporting Organization for the Georgia Okeeffe Museum

Analysis

Supporting Organization for the Georgia Okeeffe Museum is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in September 2016, 10 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Supporting Organization for the Georgia Okeeffe Museum reported income of $10.5m and spending of $1.1m, leaving 89% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $10.5m (+304%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 500%. Over the whole period it spent 5.8% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Supporting Organization for the Georgia Okeeffe Museum sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within NM. Charities of a similar size with the same main cause include Pittsburgh Ballet Theatre Inc ($10.5m), Oregon Ballet Theatre ($10.5m) and American Society for Biochemistry and Molecular Biology Inc ($10.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Other salaries and wages came to $227k. It paid $96k in professional fundraising fees. At year end it held assets of $76.3m against liabilities of $4.7m, net assets of $71.6m.