Norton Museum Of Art Inc: $60.3M Revenue, $22.5M Expenses
West Palm Bch, Florida · EIN 590624432 · Filing year 2023
Norton Museum Of Art Inc reported $60.3M in total revenue, $22.5M in total expenses, and $264.3M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $606K (1.01% of revenue). NonprofitTruth efficiency grade: C (61/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $60.3M
- Total Expenses
- $22.5M
- Total Assets
- $264.3M
- Reserve Months
- 141.3 months
- Surplus / (Deficit)
- $37.9M
- EIN
- 590624432
- Latest 990 Year
- 2023
- Current-Officer Compensation
- $606K
- Officer Comp % of Revenue
- 1.01%
Norton Museum Of Art Inc earns a C on the efficiency rubric — the median bucket on the NonprofitTruth scale, indicating performance close to the national midpoint across financial reserves, officer compensation, and revenue consistency. Composite score: 61/100.
At $60.3M in 2023 revenue, Norton 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. Reserves are the limiting factor: Norton Museum Of Art Inc carries relatively few months of operating expenses on its balance sheet, which can leave an organization exposed if a major funding source pauses.
Five-year revenue trajectory is strongly positive: Norton Museum Of Art Inc has grown materially in real terms, which usually signals successful fundraising and program expansion. Officer compensation is modest relative to organizational size: Norton Museum Of Art Inc reports $606,394 in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $60.3M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. Norton 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 Norton Museum Of Art Inc Compares
Norton Museum Of Art Inc earns a NonprofitTruth efficiency grade of C (61/100). That is 5 points above the Arts, Culture & Humanities category average. Compensation for current officers and key employees represents 1.01% of total revenue. The organization holds 141.3 months of operating reserves, indicating strong financial cushion.
990 Financial Snapshot
Based on IRS tax-exempt organization data, Norton Museum Of Art Inc reported $60.3M in revenue against $22.5M in total functional expenses for filing year 2023, holding roughly 141.3 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.
The 990 reports $606K in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 1.01% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.
Revenue History
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Norton Museum Of Art Inc has a NonprofitTruth Efficiency Score of C (61/100), 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.
Norton Museum Of Art Inc, Donor FAQ
Norton Museum Of Art Inc has a NonprofitTruth Efficiency Score of C (61/100), 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.
Norton Museum Of Art Inc reports $606K in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 1.01% of the organization's $60.3M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.
Norton Museum Of Art Inc reported $60.3M in annual revenue and $22.5M in total expenses for filing year 2023. The organization holds $264.3M in total assets.
Norton Museum Of Art Inc holds approximately 141.3 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its C efficiency grade.
Norton Museum Of Art Inc is a registered 501(c) organization with EIN 590624432, based in West Palm Bch, Florida. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
Similar Arts, Culture & Humanities Nonprofits
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.