The Hollywood Museum

Analysis

The Hollywood Museum is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1999, 27 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, The Hollywood Museum reported income of $506k and spending of $414k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $538k to $506k (-5.9%), an average of -1.5% a year. The sharpest change came in the year to June 2022, when income rose by 1102%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Hollywood Museum 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 Oregon Center for Contemporary Art Inc ($506k), Global Game Jam ($506k) and Whippoorwill Arts Inc ($506k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Other salaries and wages came to $37k. At year end it held assets of $1.4m against liabilities of $10k, net assets of $1.4m.