Museum of Neon Art

Analysis

Museum of Neon Art is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in December 1981, 45 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, Museum of Neon Art reported income of $508k and spending of $483k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $442k to $508k (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2022, when income rose by 94%. Over the whole period it spent 97% 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 Neon Art sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Santa Ynez Valley Historical Society ($508k), Pasadena Dance Theatre ($508k) and Indiana Falun Dafa Association Incorporated ($508k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $65k (13% of expenses). Other salaries and wages came to $144k. At year end it held assets of $1.0m against liabilities of $835k, net assets of $211k. It reported 19 employees.