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Arts, Culture & Humanities · 2023 Form 990

Memphis Brooks Museum Of Art Inc: $44.3M Revenue, $6.3M 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. Current-officer compensation is not separately reported on this 990 filing. NonprofitTruth efficiency grade: C (54/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
C
Efficiency Score
54/100

Key Facts (2023 Form 990)

Total Revenue
$44.3M
Total Expenses
$6.3M
Total Assets
$97.1M
Reserve Months
185.3 months
Surplus / (Deficit)
$38.0M
EIN
626063304
Latest 990 Year
2023
Current-Officer Compensation
Not reported
Officer Comp % of Revenue
N/A

The composite efficiency score of 54/100 puts Memphis Brooks Museum Of Art Inc at C — neither standout nor failing. Some factors run above the median (often reserves) while others run below (often revenue stability or officer-comp ratio).

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. On the financial-health factor, Memphis Brooks Museum Of Art Inc runs thin — assets relative to annual spending fall below the cushion nonprofit-finance experts typically recommend.

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. Current-officer compensation is not separately reported in the filing — typical for nonprofits where leadership 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.


$44.3M
Revenue
$6.3M
Expenses
$97.1M
Total Assets
N/A
Officer Compensation

How Memphis Brooks Museum Of Art Inc Compares

Memphis Brooks Museum Of Art Inc earns a NonprofitTruth efficiency grade of C (54/100). That is 2 points below the Arts, Culture & Humanities category average. The organization holds 185.3 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$6.3M
Total Expenses
Filing year 2023
Not reported
Officer Compensation
on this 990
185.3 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Memphis Brooks Museum Of Art Inc reported $44.3M in revenue against $6.3M in total functional expenses for filing year 2023, holding roughly 185.3 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

Trend

Revenue History

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Memphis Brooks Museum Of Art Inc has a NonprofitTruth Efficiency Score of C (54/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Memphis Brooks Museum Of Art Inc, Donor FAQ

Memphis Brooks Museum Of Art Inc has a NonprofitTruth Efficiency Score of C (54/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Current-officer compensation for Memphis Brooks Museum Of Art Inc is not separately reported in the most recent IRS Form 990 on file. This is common when leadership is paid through a related entity or the organization files a short-form return.

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.

Memphis Brooks Museum Of Art Inc holds approximately 185.3 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its C efficiency grade.

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.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.