Aspen Art Museum Foundation

Analysis

Aspen Art Museum Foundation is a registered charity in United States, based in Aspen, CO. It received its IRS tax-exemption ruling in January 2000, 26 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Aspen Art Museum Foundation reported income of $1.3m and spending of $1.6m, spending 122% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $882k to $1.3m (+51%), an average of +11% a year. The sharpest change came in the year to September 2023, when income rose by 360%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aspen Art Museum Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CO. Charities of a similar size with the same main cause include Custom and Craft Jewish Rituals Inc ($1.3m), Armenian Cultural Association of America Inc ($1.3m) and Cathedral Choral Society of Washington DC Washington Cathedral ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $38.6m against liabilities of $1.1m, net assets of $37.5m.