Triton Museum of Art

Analysis

Triton Museum of Art is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in December 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 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, Triton Museum of Art reported income of $736k and spending of $836k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $823k to $736k (-11%), an average of -2.7% a year. The sharpest change came in the year to June 2020, when income dropped by 27%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Triton Museum of Art sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Hispanic Alliance for the Performing Arts ($736k), Cornwell Research Group ($736k) and Aspire Higher Foundation Inc ($736k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $100k (12% of expenses). Other salaries and wages came to $433k. At year end it held assets of $891k against liabilities of $58k, net assets of $833k. It reported 23 employees.