Kmac Museum Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
KMAC IS LOUISVILLES PREMIER CONTEMPORARY ART MUSEUM IN DOWNTOWN LOUISVILLE ON MUSEUM ROW. THROUGH EXHIBITIONS, EDUCATION, AND OUTREACH, KMAC WORKS TO CONNECT PEOPLE TO ART AND CREATIVE PRACTICE.
- Income
- $1.2 million
- Spending
- $1.6 million
- Spent on programs
- 76%
- Reserves
- -2.7 months of spending
- Largest source of income
- donations and private grants, 48%
- Employees
- 23
- Volunteers
- 210
- Highest pay
- $106,733, executive director
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 45 out of 100. Higher than 15% of charities in its peer group (arts and culture, $1m to $10m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
20 of 20It owes 14% of what it owns.
Living within its means
0 of 15Spending exceeded income by 34% of income.
Income trend
10 of 15Income fell 1% on the year before.
Spending floor
15 of 1575% of spending went to programs and raising each dollar of donations cost 10 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 85 out of 100. Higher than 38% of charities in its peer group (arts and culture, $1m to $10m).
Independent board
25 of 2530 of 30 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $600,494 spent. EXHIBITIONS AND PROGRAMS- THE MUSEUM FEATURES CONTEMPORARY ART THAT EXPLORES CRAFT EMPHASIZING THE TECHNIQUES, MATERIALS AND PROCESS OF CREATIVE EXPRESSION. THE MUSEUMS GOAL IS TO EDUCATE AND INSPIRE, WHILE PROMOTING A BETTER UNDERSTANDING OF ART AND CRAFT THROUGH EXHIBITIONS, COLLABORATIONS, OUTREACH AND PERMANENT COLLECTION. ALLIANCES ARE FORGED WITHIN KENTUCKY, REGIONALLY, NATIONALLY AND INTERNATIONALLY IN ORDER TO PARTICIPATE IN A BROADER CONVERSATION ABOUT ART AND ITS ROLE IN SOCIETY.
- $600,493 spent. EDUCATION- EDUCATIONAL OFFERINGS AT KMAC INCLUDE CAMPS, ARTIST RESIDENCIES, FIELD TRIPS, MOBILE MUSEUMS, FAMILY WORKSHOPS, AND ON AND OFF SITE WORKSHOPS. FIELD TRIPS INCLUDE A CORE-CONTENT BASED GUIDED TOUR OF EXHIBITS, FOLLOWED BY HANDS-ON ART PROJECT THAT STUDENTS CAN TAKE HOME. TEACHERS CHOOSE BETWEEN A THEMATIC PROJECT THAT MAKES CONNECTION TO CURRENT EXHIBITS AND A MORE SPECIFIC, HANDS ON PROJECT TO MAKE CONNECTIONS TO CURRENT CLASSROOM STUDY. POSSIBLE PROJECTS/MEDIA INCLUDE BOOKMAKING, PRINTMAKING, PAINTING, DRAWING, FIBER ART, CERAMICS, WOOD,FOLK ART, MIXED MEDIA AND MORE. THE MOBILE MUSEUM OUTREACH PROGRAM OFFERS HANDS ON ART PIECES AND PROJECTS WITH 13 DIFFERENT THEMES TO ENGAGE STUDENTS WITH ART OUTSIDE OF THE MUSEUM. THE SCHOLASTIC ARTIST-IN-RESIDENCE PROGRAM BRINGS A PROFESSIONAL ARTIST.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 1981.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.