Springville Museum of Art

Analysis

Springville Museum of Art is a registered charity in United States, based in Springville, UT. It received its IRS tax-exemption ruling in April 1982, 44 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 2024, Springville Museum of Art reported income of $692k and spending of $598k, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $521k to $692k (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2024, when income rose by 136%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Springville Museum of Art sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within UT. Charities of a similar size with the same main cause include United Country Western Dance Council ($692k), Rockport Art Association ($692k) and Vermilion Heritage Foundation ($692k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 1.3% of the total. Other salaries and wages came to $17k. At year end it held assets of $853k against liabilities of $101k, net assets of $752k.