Tacoma Art Museum Endowment

Analysis

Tacoma Art Museum Endowment is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 1970, 56 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, Tacoma Art Museum Endowment reported income of $127k and spending of $61k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $57k to $127k (+123%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 154%. Over the whole period it spent 42% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tacoma Art Museum Endowment sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Safe House for the Performing Arts ($127k), San Antonio Conservation Society Foundation ($127k) and Heart of Music Festival Inc ($127k).

Compensation of current officers, directors and key employees was $6,566 (11% of expenses). At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.