Memphis Brooks Museum Of Art Inc: $44.3M Revenue, $4.9M Program Expenses
Memphis, Tennessee · EIN 626063304 · Filing year 2023
Memphis Brooks Museum Of Art Inc reported $44.3M in total revenue, $6.3M in total expenses, and $97.1M in total assets on its 2023 IRS Form 990. 78.0% of expenses ($4.9M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: C (63/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $44.3M
- Total Expenses
- $6.3M
- Program Expenses
- $4.9M
- Program Expense Ratio
- 78.0%
- Total Assets
- $97.1M
- Reserve Months
- 185.3 months
- EIN
- 626063304
- Latest 990 Year
- 2023
- Top Officer Compensation
- Not reported
The composite efficiency score of 63/100 puts Memphis Brooks Museum Of Art Inc at C — neither standout nor failing. Some factors run above the median (typically program spending) while others run below (typically reserves or trend stability).
At $44.3M in 2023 revenue, Memphis Brooks Museum Of Art Inc sits in the mid-range of the U.S. nonprofit distribution. Most organizations of this scale operate regionally or focus on a single program area. Memphis Brooks Museum Of Art Inc directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.
Five-year revenue trajectory is strongly positive: Memphis Brooks Museum Of Art Inc has grown materially in real terms, which usually signals successful fundraising and program expansion. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. Memphis Brooks Museum Of Art Inc sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.
How Memphis Brooks Museum Of Art Inc Compares
Memphis Brooks Museum Of Art Inc directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 63/100 is 6 points below the Arts, Culture & Humanities category average. The organization holds 185.3 months of operating reserves, indicating strong financial stability.
Where Your Donation Goes
Based on IRS tax-exempt organization data, for every dollar donated to Memphis Brooks Museum Of Art Inc, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.
Revenue History
Memphis Brooks Museum Of Art Inc has an Efficiency Score of C (63/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
Memphis Brooks Museum Of Art Inc, Donor FAQ
Memphis Brooks Museum Of Art Inc has an Efficiency Score of C (63/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
CEO/officer compensation for Memphis Brooks Museum Of Art Inc is not reported in the most recent IRS 990 filing on file.
Memphis Brooks Museum Of Art Inc reported $44.3M in annual revenue and $6.3M in total expenses for filing year 2023. The organization holds $97.1M in total assets.
For every dollar donated to Memphis Brooks Museum Of Art Inc, approximately 78.0 cents goes to program activities. The organization has 185.3 months of operating reserves, providing financial stability to sustain its mission.
Memphis Brooks Museum Of Art Inc is a registered 501(c) organization with EIN 626063304, based in Memphis, Tennessee. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
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Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.