Museum of Art and Photography Foundation Inc

Analysis

Museum of Art and Photography Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 2017, 9 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 December 2023, Museum of Art and Photography Foundation Inc reported income of $2.8m and spending of $168k, leaving 94% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $300k to $2.8m (+840%), an average of +75% a year. The sharpest change came in the year to December 2020, when income rose by 219%. Over the whole period it spent 8.6% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of Art and Photography Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Dancing Classrooms Inc ($2.8m), Oregon Jewish Museum and Center for Holocaust Education ($2.8m) and Lights and Sounds Collective Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $6.6m against liabilities of $0, net assets of $6.6m.