Palm Springs Art Museum

Analysis

Palm Springs Art Museum is a registered charity in United States, based in Palm Springs, CA. It received its IRS tax-exemption ruling in September 1941, 85 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 September 2022, Palm Springs Art Museum reported income of $8.9m and spending of $9.0m, spending 101% of its income. Across the 4 years on record, from September 2019 to September 2022, income fell from $12.6m to $8.9m (-29%), an average of -11% a year. The sharpest change came in the year to September 2021, when income rose by 39%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Palm Springs Art Museum 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 Free Press ($8.9m), Public Technical Identifiers ($8.9m) and First Look Institute Inc ($8.9m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 64% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $694k (7.7% of expenses). Other salaries and wages came to $3.4m. It paid $9,293 in professional fundraising fees. At year end it held assets of $35.7m against liabilities of $868k, net assets of $34.9m. It reported 119 employees.