Fine Arts Museums Foundation

Analysis

Fine Arts Museums Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in July 1965, 61 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fine Arts Museums Foundation reported income of $22.0m and spending of $32.4m, spending 147% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.9m to $22.0m (+5.3%), an average of +1.3% a year. The sharpest change came in the year to June 2021, when income rose by 607%. Over the whole period it spent 134% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fine Arts Museums Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include North Carolina Biotechnology Center ($21.9m), Nashville Symphony Association ($22.0m) and Simons Laufer Mathematical Sciences Institute ($21.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $297.4m against liabilities of $1.6m, net assets of $295.8m.