Museum of Ventura County

Analysis

Museum of Ventura County is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in August 1957, 69 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, Museum of Ventura County reported income of $2.3m and spending of $3.1m, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.6m to $2.3m (-35%), an average of -10% a year. The sharpest change came in the year to June 2021, when income dropped by 21%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of Ventura County sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Pioneer Courthouse Square of Portland Inc ($2.3m), The Policy Circle Co ($2.3m) and Oceanside Museum of Art ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $158k (5.1% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $15.6m against liabilities of $353k, net assets of $15.2m. It reported 47 employees.