Tucson Museum of Art

Analysis

Tucson Museum of Art is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in February 1956, 70 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 June 2023, Tucson Museum of Art reported income of $3.5m and spending of $3.8m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.5m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2020, when income rose by 96%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tucson Museum of Art sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within AZ. Charities of a similar size with the same main cause include The National Museum of Puerto Rican Arts and Culture ($3.5m), Burlington City Arts Foundation Inc ($3.5m) and Charleston Stage Company ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $281k (7.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $10.9m against liabilities of $600k, net assets of $10.3m. It reported 57 employees.