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Arts, Culture, Humanities : Museums

The Institute of Contemporary Art

At the leading edge of art in Boston for 80 years

87.03

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

Board Leadership
Charles Brizius
Chair

CEO
Jill Medvedow
Director

  Score
(out of 100)
Rating
Overall Score & Rating 87.03
  Financial 96.53
  Accountability & Transparency 82.00
This rating was published 12/01/2020 and includes data from FY2019, 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.

Financial

96.53

Accountability & Transparency

82.00

This rating was published 12/01/2020 and includes data from FY2019, 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)
79.8%
  Administrative Expenses 12.4%
  Fundraising Expenses 7.6%
  Fundraising Efficiency $0.06
  Working Capital Ratio (years) 3.19
  Program Expenses Growth 8.0%
  Liabilities to Assets 7.7%
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) 87.03
Walker Art Center (MN) 85.33
Columbus Museum of Art (OH) 91.52
The Museum of Contemporary Art, Los Angeles (CA) 86.01
Mattress Factory (PA) 89.53

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $10,560,109
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $1,371,217
   Related Organizations $0
   Government Grants $218,750
Total Contributions $12,150,076
   Program Service Revenue $2,384,150
Total Primary Revenue $14,534,226
   Other Revenue $21,686
TOTAL REVENUE $14,555,912
   
EXPENSES  
   Program Expenses $16,590,150
   Administrative Expenses $2,071,436
   Fundraising Expenses $1,392,473
TOTAL FUNCTIONAL EXPENSES $20,054,059
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-5,498,147
   
Net Assets $101,782,455

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 $10,249,931 61.8%
Performing and Media Arts $1,619,672 9.8%
Program Marketing and Communications $1,237,998 7.5%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-06 12/01/2020 87.03
2018-06 08/01/2019 86.33
2017-06 08/01/2018 87.20
2016-06 12/01/2017 87.40
2015-06 10/01/2016 87.51
2014-06 06/01/2016 88.16
 
CN 2.0
2014-06 11/01/2015 88.62
2014-06 10/01/2015 86.62
2013-06 11/01/2014 91.40
2012-06 08/01/2013 91.82
2011-06 06/01/2012 83.41
2010-06 09/20/2011 85.72
 
CN 1.0
2009-06 09/01/2010 85.63
2008-06 12/15/2009 84.52
2007-06 03/01/2009 95.49
2006-06 07/01/2007 91.76
2005-06 07/01/2006 88.69
2003-06 08/01/2004 77.88
2002-06 06/09/2003 72.12

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
$587,709 2.93% Jill Medvedow Director, Ex-Officio CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
The Institute of Contemporary Art (MA) 87.03
Hyde Park Art Center (IL) 85.49
Mattress Factory (PA) 89.53
Dia Art Foundation (NY) 90.06
Dallas Contemporary (TX) 86.51

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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
Chair

CEO

Jill Medvedow
Director

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