The Bellevue Art Museum

Analysis

The Bellevue Art Museum is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in November 1975, 51 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Bellevue Art Museum reported income of $2.2m and spending of $3.2m, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $2.2m (-4.4%), an average of -1.1% a year. Over the whole period it spent 130% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Bellevue Art Museum sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Charles F Chapman School of Seamanship Inc ($2.2m), The International School of Charlottesvlle Inc ($2.2m) and Grand Rapids Childrens Museum ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $173k (5.4% of expenses). Other salaries and wages came to $1.2m. It paid $16k in professional fundraising fees. At year end it held assets of $18.6m against liabilities of $1.4m, net assets of $17.2m. It reported 80 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.