Museum of Art Fort Collins Inc

Analysis

Museum of Art Fort Collins Inc is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in March 1988, 38 years ago. 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 Fort Collins Inc reported income of $349k and spending of $581k, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $342k to $349k (+2.0%), an average of +0.5% a year. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Museum of Art Fort Collins Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CO. Charities of a similar size with the same main cause include National High School Strength Coaches Association ($349k), President George Washington Manor II ($349k) and Enlisted Leadership Foundation ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $119k (21% of expenses). Other salaries and wages came to $186k. At year end it held assets of $1.8m against liabilities of $1.7m, net assets of $121k. It reported 9 employees.