Marin Museum of Contemporary Art

Analysis

Marin Museum of Contemporary Art is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in April 1996, 30 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, Marin Museum of Contemporary Art reported income of $665k and spending of $662k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $588k to $665k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marin Museum of Contemporary Art sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Citizens for Backus Ab ($665k), Concord School of 1848 ($666k) and Friends of the Record Company Inc ($665k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $98k (15% of expenses). Other salaries and wages came to $109k. At year end it held assets of $313k against liabilities of $9,811, net assets of $303k. It reported 6 employees.