Neon Museum

Analysis

Neon Museum is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in January 1999, 27 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, Neon Museum reported income of $6.2m and spending of $6.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.2m to $6.2m (-32%), an average of -9.4% a year. The sharpest change came in the year to June 2021, when income dropped by 37%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Neon Museum 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 93rd percentile, and in the 95th percentile within NV. Charities of a similar size with the same main cause include Project Ceti Inc ($6.2m), Asia Society Texas Center ($6.2m) and Swiss Institute ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $363k (6.0% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $10.2m against liabilities of $2.4m, net assets of $7.8m. It reported 86 employees.