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Arts, Culture, Humanities : Museums

The Institute of Contemporary Art

At the leading edge of art in Boston for 80 years

three stars

86.33

25 Harbor Shore Drive Boston, MA 02210
tel: (617) 478-3102   Web Site
EIN: 04-2104327

Board Leadership
Charles Brizius
President

CEO
Jill Medvedow
Director

  Score
(out of 100)
Rating
Overall Score & Rating 86.33 three stars
  Financial 92.96 four stars
  Accountability & Transparency 82.00 three stars
This rating was published 08/01/2019 and includes data from FY2018, the most recent 990 received at that time.

The Institute of Contemporary Art (ICA) was founded in 1936 as The Boston Museum of Modern Art; in 1948, the museum changed its name to become the ICA. The ICA strives to share the pleasures of reflection, inspiration, provocation, and imagination that contemporary art offers through public access to art, artists, and the creative process. For more than a half century, the ICA has presented contemporary art in all media - visual arts, film, and video, performance and literature - and created educational programs that encourage an appreciation for contemporary culture. Throughout the ICA's history it has been at the fore in identifying and supporting the most important artists of its time and bringing them to public attention.

The Institute of Contemporary Art (ICA) was founded in 1936 as The Boston Museum of Modern Art; in 1948, the museum changed its name to become the ICA. The ICA strives to share the pleasures of reflection, inspiration, provocation, and imagination that contemporary art offers through public access to art, artists, and the creative process. For more than a half century, the ICA has presented contemporary art in all media - visual arts, film, and video, performance and literature - and created educational programs that encourage an appreciation for contemporary culture. Throughout the ICA's history it has been at the fore in identifying and supporting the most important artists of its time and bringing them to public attention.

Impact Information

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Financial

four stars

92.96

Accountability & Transparency

three stars

82.00

This rating was published 08/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
76.3%
  Administrative Expenses 12.6%
  Fundraising Expenses 10.9%
  Fundraising Efficiency $0.08
  Working Capital Ratio (years) 3.65
  Program Expenses Growth 9.4%
  Liabilities to Assets 7.8%
All data for Financial Performance Metrics calculations was provided by The Institute of Contemporary Art on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by The Institute of Contemporary Art on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Institute of Contemporary Art (MA) 86.33 three stars
Museum of Contemporary Art, Chicago (IL) 88.63 three stars
Mattress Factory (PA) 88.31 three stars
Contemporary Art Museum St. Louis (MO) 88.80 three stars
Columbus Museum of Art (OH) 91.79 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $28,384,772
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $1,351,035
   Related Organizations $0
   Government Grants $555,000
Total Contributions $30,290,807
   Program Service Revenue $1,710,066
Total Primary Revenue $32,000,873
   Other Revenue $330,285
TOTAL REVENUE $32,331,158
   
EXPENSES  
   Program Expenses $13,178,194
   Administrative Expenses $2,397,354
   Fundraising Expenses $1,383,906
TOTAL FUNCTIONAL EXPENSES $16,959,454
   
Payments to Affiliates $0
Excess (or Deficit) for the year $15,371,704
   
Net Assets $105,544,950

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Art Exhibitions $7,084,981 53.8%
Program Marketing and Communications $1,689,419 12.8%
Performing and Media Arts $1,557,016 11.8%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-06 08/01/2019 86.33 three stars
2017-06 08/01/2018 87.20 three stars
2016-06 12/01/2017 87.40 three stars
2015-06 10/01/2016 87.51 three stars
2014-06 06/01/2016 88.16 three stars
 
CN 2.0
2014-06 11/01/2015 88.62 three stars
2014-06 10/01/2015 86.62 three stars
2013-06 11/01/2014 91.40 four stars
2012-06 08/01/2013 91.82 four stars
2011-06 06/01/2012 83.41 three stars
2010-06 09/20/2011 85.72 three stars
 
CN 1.0
2009-06 09/01/2010 85.63 three stars
2008-06 12/15/2009 84.52 three stars
2007-06 03/01/2009 95.49 four stars
2006-06 07/01/2007 91.76 four stars
2005-06 07/01/2006 88.69 three stars
2003-06 08/01/2004 77.88 two stars
2002-06 06/09/2003 72.12 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 04-2104327
Name in IRS Master File INSTITUTE OF CONTEMPORARY ART
NTEE Code A51
NTEE Classification Art Museums
NTEE Type Arts, Culture and Humanities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (65) Fair
(207) Industry trade shows
(119) Other cultural or historical activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date July, 1959
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2018
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
Compensation % of Expenses Paid to Title
$524,770 3.09% Jill Medvedow Director, Ex-Officio CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
The Institute of Contemporary Art (MA) 86.33 three stars
Museum of Contemporary Art, Chicago (IL) 88.63 three stars
Hyde Park Art Center (IL) 88.85 three stars
Whitney Museum of American Art (NY) 87.00 three stars
Dia Art Foundation (NY) 90.06 four stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

The Institute of Contemporary Art
25 Harbor Shore Drive
Boston, MA 02210
tel: (617) 478-3102
TTY: (617) 478-3287
EIN: 04-2104327

Visit Web Site

Board Leadership

Charles Brizius
President

CEO

Jill Medvedow
Director

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