San Diego Museum of Art

Analysis

San Diego Museum of Art is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in June 1935, 91 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, San Diego Museum of Art reported income of $10.5m and spending of $15.6m, spending 149% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.7m to $10.5m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2023, when income dropped by 25%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Diego 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 96th percentile within CA. Charities of a similar size with the same main cause include United Performing Arts Fund Inc ($10.4m), American Society for Biochemistry and Molecular Biology Inc ($10.5m) and Plimoth Patuxet Museums Inc ($10.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $1.2m (7.6% of expenses). Other salaries and wages came to $5.1m. It paid $540k in professional fundraising fees. At year end it held assets of $78.7m against liabilities of $8.2m, net assets of $70.5m. It reported 109 employees.