Roswell Museum and Art Center Foundation

Analysis

Roswell Museum and Art Center Foundation is a registered charity in United States, based in Roswell, NM. It received its IRS tax-exemption ruling in March 1990, 36 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 June 2023, Roswell Museum and Art Center Foundation reported income of $231k and spending of $154k, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $197k to $231k (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Roswell Museum and Art Center Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NM. Charities of a similar size with the same main cause include Chenango River Theatre Inc ($231k), North Carolina Association for the Gifted and Talented Incorporated N ($231k) and Newark Science and Sustainability ($231k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $31k (20% of expenses). At year end it held assets of $1.9m against liabilities of $1,799, net assets of $1.9m. It reported 1 employees.