Boise Art Museum Incorporated

Analysis

Boise Art Museum Incorporated is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in February 1975, 51 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 April 2024, Boise Art Museum Incorporated reported income of $2.0m and spending of $1.8m, spending 91% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $1.4m to $2.0m (+42%), an average of +9.2% a year. The sharpest change came in the year to April 2022, when income rose by 37%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boise Art Museum Incorporated sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within ID. Charities of a similar size with the same main cause include Early Childhood Connections ($2.0m), Legion-Aires Drum and Bugle Corps ($2.0m) and Wisconsin Humanities Council ($2.0m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 56% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $203k (11% of expenses). Other salaries and wages came to $700k. At year end it held assets of $6.1m against liabilities of $622k, net assets of $5.5m. It reported 59 employees.