Charity Search / RACINE ART MUSEUM ASSOCIATION INC
Arts, Culture & Humanities (A510) IRS Verified DX Registered 990 on File

RACINE ART MUSEUM ASSOCIATION INC

EIN: 39-1018155 · RACINE, WI 53403-1030 · United States · FY 2024 Data
3 out of 5
CharityAI™ Score
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Mission Statement

The Racine Art Museum holds the largest and most significant contemporary craft collection in North America, with more than 10,000 objects from nationally and internationally recognized artists. The mission of the Racine Art Museum is to exhibit, collect, preserve, and educate in the contemporary visual arts. It is the museum’s goal to elevate the stature of craft to fine arts by presenting ceramic, fiber, glass, metal, polymer, and wood alongside paintings and sculptures. The museum plays a vital role in arts education through RAM’s Wustum Museum, where it offers community outreach programs, and studio art classes and workshops taught by regionally and nationally known artists working in craft media.

Financial Overview — FY 2024
$2.0M
Total Revenue
$2.5M
Total Expenses
$12.1M
Net Assets
54
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 69.7%
Fundraising Efficiency 283.8%
Operating Reserve 58.28x
Liability-to-Asset 3.2%
Revenue Diversification 59.8%
Executive Compensation $223K
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $2.0M $2.5M $12.1M 69.7% 54
2023 $2.8M $2.3M $12.4M 68.0% 53
2022 $2.1M $2.2M $11.7M 70.7% 52
2021 $2.0M $1.9M N/A 48
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Organization Details
EIN
39-1018155
State
WI
City
RACINE
ZIP
53403-1030
Classification
A510
Category
Arts, Culture & Humanities
Rating
50★
Last Updated
Aug 2026
IRS Ruling Year
1941
Foundation Code
15
Form 990
On File
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