Museum of Contemporary Art

Analysis

Museum of Contemporary Art is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in June 1997, 29 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 Contemporary Art reported income of $749k and spending of $842k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $602k to $749k (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2020, when income rose by 40%. 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, Museum of Contemporary Art sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 73rd percentile within AZ. Charities of a similar size with the same main cause include Frank W Norris Foundation ($749k), Watertower Theatre Inc ($749k) and Found Sound Nation ($749k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $146k (17% of expenses). Other salaries and wages came to $153k. At year end it held assets of $171k against liabilities of $69k, net assets of $102k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.