Orange County Museum of Art

Analysis

Orange County Museum of Art is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in August 1997, 29 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, Orange County Museum of Art reported income of $9.1m and spending of $13.2m, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $9.1m (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2020, when income rose by 292%. Over the whole period it spent 41% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Orange County Museum of Art sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Sarasota Ballet of Florida Inc ($9.1m), The Center for the Performing Arts Inc ($9.2m) and Repertory Theatre of St Louis ($9.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $590k (4.5% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $130.0m against liabilities of $41.5m, net assets of $88.5m. It reported 103 employees.