RACINE ART MUSEUM ASSOCIATION INC

RACINE, WI, 53403-1030 (262) 638-8300 Est. 1939 EIN 39-1018155

A510— Arts, Culture & Humanities Form 990 501(c)(3)

Mission

THE MISSION OF THE RACINE ART MUSEUM IS TO EXHIBIT, COLLECT, PRESERVE, AND EDUCATE IN THE CONTEMPORARY VISUAL ARTS.

Total Revenue

$1,979,918

Total Expenses

$2,491,124

Net Assets

$12,098,521

54 employees 50 volunteers

From latest filing (tax period ending 2024-12-31)

Operating Reserve

4.9 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 29.9%

Expenses ↑ 10.0%

Revenue Sources

Contributions 59.8% Earned revenue 10.9% Investment 24.9% Other 4.0%

Expense Breakdown

Program 69.7% Management 19.3% Fundraising 11.1%

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Year	Revenue	Expenses	Net Assets
2024 Form 990	$1,979,918 ↓	$2,491,124	$12,098,521
2023 Form 990	$2,823,820 ↑	$2,264,920	$12,412,695
2022 Form 990	$2,118,021 ↑	$2,200,688	$11,650,932
2020 Form 990	$1,465,725 ↓	$1,832,166	$12,063,397
2019 Form 990	$1,985,211 ↓	$1,924,334	$12,475,830
2018 Form 990	$2,454,747	$1,932,443	$11,758,524