Fresno Art Museum

Analysis

Fresno Art Museum is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in September 1953, 73 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 June 2023, Fresno Art Museum reported income of $1.5m and spending of $1.6m, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $876k to $1.5m (+72%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 106%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fresno Art Museum sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Choral Arts Society of Washington ($1.5m), Discovery Center Great Lakes ($1.5m) and Richard Hugo House ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $89k (5.6% of expenses). Other salaries and wages came to $421k. At year end it held assets of $8.1m against liabilities of $283k, net assets of $7.8m. It reported 18 employees.