Museum Associates

Analysis

Museum Associates is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 1944, 82 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 Associates reported income of $194.5m and spending of $102.1m, leaving 48% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $287.1m to $194.5m (-32%), an average of -9.3% a year. The sharpest change came in the year to June 2020, when income dropped by 47%. Over the whole period it spent 59% 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 Associates sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include United States Holocaust Memorial Council ($193.1m), Gmto Corporation ($194.7m) and University of Kansas Center for Research Inc ($191.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $4.0m (3.9% of expenses). Other salaries and wages came to $28.3m. At year end it held assets of $1.57bn against liabilities of $746.5m, net assets of $820.5m. It reported 552 employees.