Museum of Art and Light Land Inc

Analysis

Museum of Art and Light Land Inc is a registered charity in United States, based in Manhattan, KS. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Museum of Art and Light Land Inc reported income of $14.6m and spending of $168k, leaving 99% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $5.6m to $14.6m (+161%), an average of +161% a year. The sharpest change came in the year to December 2023, when income rose by 161%. Over the whole period it spent 2.3% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Museum of Art and Light Land Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within KS. Charities of a similar size with the same main cause include Oneoc ($14.6m), Columbus Jewish Foundation ($14.6m) and Hebrew Seniorlife Inc ($14.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $20.0m against liabilities of $238k, net assets of $19.7m.