Georgia Okeeffe Museum

Analysis

Georgia Okeeffe Museum is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in March 1996, 30 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, Georgia Okeeffe Museum reported income of $17.4m and spending of $14.2m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.2m to $17.4m (+0.8%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Georgia Okeeffe Museum sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NM. Charities of a similar size with the same main cause include Seattle Repertory Theatre ($17.3m), Henry Francis du Pont Winterthur Museum Inc ($17.4m) and Becket Fund ($17.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $772k (5.5% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $133.5m against liabilities of $1.8m, net assets of $131.7m. It reported 156 employees.