Memphis Brooks Museum of Art Inc
1934 Poplar Ave, Memphis, TN · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $40,031,401 | $7,383,097 | $161,921,760 |
| FY2024 | $39,212,315 | $7,417,503 | $129,027,583 |
| FY2023 | $44,315,903 | $6,287,800 | $96,330,268 |
| FY2022 | $22,045,106 | $8,002,904 | $55,635,970 |
| FY2021 | $7,821,496 | $4,352,207 | $42,990,193 |
| FY2020 | $9,947,815 | $7,176,504 | $35,631,346 |
| FY2019 | $26,126,400 | $4,884,447 | $33,002,686 |
| FY2018 | $10,915,485 | $4,357,006 | $12,110,204 |
| FY2017 | $4,145,476 | $4,191,722 | $5,449,264 |
| FY2016 | $4,721,977 | $5,030,646 | $5,048,522 |
| FY2015 | $4,220,538 | $4,320,824 | $5,841,060 |
| FY2014 | $4,261,026 | $4,427,688 | $6,258,521 |
| FY2013 | $4,456,850 | $4,458,326 | $5,886,236 |
| FY2012 | $3,602,121 | $3,846,463 | $5,609,401 |
Form 990 filings
The returns filed by Memphis Brooks Museum of Art Inc (EIN 62-6063304), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $35,555,241 | 89% |
| Program service revenue | $246,151 | 1% |
| Other revenue | $4,230,009 | 11% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $4,363,443 | 59% |
| Management & general | $2,159,096 | 29% |
| Fundraising | $860,558 | 12% |
What the numbers show
- Contributions & grants made up 89% of total revenue in FY2025.
- Program services accounted for 59% of functional expenses, management & general 29%, and fundraising 12%.
- 59% of functional expenses went to program services in FY2025. That is higher than 6.1% of 907 Arts, Culture & Humanities organizations nationwide (too few in TN for a state comparison).
- Net assets covered about 263.2 months of expenses at the end of the reporting year. That puts it in the 95th percentile among 546 Arts, Culture & Humanities organizations in TN.
- Total revenue was higher than 99.6% of 549 Arts, Culture & Humanities organizations in TN.
- Total revenue rose from $3,602,121 in FY2012 to $40,031,401 in FY2025. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 14 reported years (FY2012, FY2013, FY2014, FY2015, FY2016, FY2017).
- The highest revenue on record here is $44,315,903 in FY2023.
- Net assets grew from $5,609,401 to $161,921,760 between FY2012 and FY2025.
- Contributions and grants made up 70% of revenue in FY2012 and 89% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
To Create Joy through the Power of Art.
IRS status
| Ruling year | 1966 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | A110 — Arts, Culture & Humanities |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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