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Museum of Fine Arts
Museum of Fine Arts reported $186.6 million in revenue and $141.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $58.60 went to program services, $36.34 to management and general costs and $5.06 to fundraising. Its largest source of revenue was contributions and grants: 51.6% of the total. The highest compensation it reported for one person was $1,192,383 (ANN & GRAHAM GUND DIRECTOR). 122 people received more than $100,000 in reportable compensation. Revenue rose 7% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $141MFor context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $187MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 58.6% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 36.3% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 5.1% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.07 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 51.6% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 13.2% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $1,192,383 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.84% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 122 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 121.1 | 36.6 |
| Independent voting board members Part VI 1a–1b | 41 of 41 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseEducation programs: the museum maintains an ongoing series of education programs and activities in order to further the mission of the museum and provide educational opportunities in art. Education programs cover a wide spectrum of topics and include studio art classes and workshops for children, teens and adults, lectures, films, concerts, a variety of other courses, free demonstrations and talks, free workshops for educators, school group tours, partnerships with local area schools, after-school programs and community groups to engage youth in arts and programs for family visits to the…
Exhibitions: with a collection of nearly 500,000 objects, the museum owns some of the rare and important artistic treasures in the world. Such a collection enables the museum to present many special exhibitions with a balance between scholarly programs and those with broad public appeal. During fiscal year 2025, the museum presented 20 exhibitions. Some highlights include: dali: disruption and devotion; georgia o'keeffe and henry moore; power of the people: art and democracy; deep waters: four artists and the sea; the sun will set: contemporary abstraction and the body; fragments of self…
Enterprise: the museum's retail operations offers a wide variety of merchandise related to the museum's collections and special exhibitions, which contribute importantly to the achievement of the museum's exempt educational purpose by making works of art familiar to a broader segment of the public. Offerings at shop include art books, posters, cards, glass, textiles, jewelry and sculpture. Merchandise is for sale in the physical shops or through retail's web-based outlet.the museum is exempt as an educational organization on the basis of its ownership, maintenance, and exhibition for public…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| ANN & GRAHAM GUND DIRECTOR Officer, 40.00 hrs/week | $1,144,716 | $0 | $47,667 | $1,192,383 |
| CHIEF OPERATING OFFICER Officer, 40.00 hrs/week | $520,394 | $0 | $36,205 | $556,599 |
| CHIEF EXTERNAL RELATIONS Officer, 40.00 hrs/week | $462,904 | $0 | $51,895 | $514,799 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $407,796 | $0 | $29,852 | $437,648 |
| CHIEF OF CURATORIAL AFFAIR Officer, 40.00 hrs/week | $306,767 | $0 | $51,872 | $358,639 |
| CHIEF OF STAFF Officer, 40.00 hrs/week | $260,185 | $0 | $39,433 | $299,618 |
| SR DIR, IP & BUSINESS DEVE Highest compensated employee, 40.00 hrs/week | $222,461 | $0 | $43,774 | $266,235 |
| DIR. OF HUMAN RESOURCES Highest compensated employee, 40.00 hrs/week | $236,103 | $0 | $27,698 | $263,801 |
122 people received more than $100,000 in reportable compensation from Museum of Fine Arts (Part VII, line 2). Compensation of current officers, directors and key employees totaled $4.4M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b41 · 41 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5865
- Volunteers Part I, line 6350
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| SHAWMUT WOODWORKING Construction | $7,265,377 |
| US ART COMPANY Art shipping and storage | $1,376,720 |
| TARIANRSIG SECURITY LLC Security | $1,300,320 |
| UNCONQUERABLE SECURITY SOLUTIONS PLLC Security | $1,037,805 |
| CAMBRIDGE ASSOCIATES LLC Investment management | $948,687 |
Individuals listed as contractors are left out. 56 contractors were paid more than $100,000 in all.
Private foundation grants it received
166 private foundations reported grants to Museum of Fine Arts totaling $12M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Museum of Fine Arts's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Museum of Fine Arts, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Museum of Fine Arts spent in FY2025, $58.60 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Sesame WorkshopNew York, NY · revenue $181M · programs 78.9% · FY2025
- Whitney Museum of American ArtNew York, NY · revenue $191M · programs 65.5% · FY2025
- The Royal National TheatreNew York, NY · revenue $177M · programs 86.7% · FY2025
- The United States Holocaust Memorial MuseumWashington, DC · revenue $199M · programs 72.1% · FY2025
- National Foundation for the Centers for Disease Control and PreventionAtlanta, GA · revenue $166M · programs 87.7% · FY2025
All arts, culture & humanities charities · Largest charities in Massachusetts
Questions people ask
How much of Museum of Fine Arts's spending goes to programs?
In the fiscal year ending June 30, 2025, Museum of Fine Arts reported that 58.6% of its $141.3 million in expenses went to program services, 36.3% to management and general and 5.1% to fundraising (Form 990, Part IX).
How much does Museum of Fine Arts pay its top executive?
The largest total compensation Museum of Fine Arts reported for one person in the fiscal year ending June 30, 2025 was $1,192,383, for the role of ANN & GRAHAM GUND DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Museum of Fine Arts get its money?
Of $186.6 million in revenue in the fiscal year ending June 30, 2025, 51.6% came from contributions and grants (including 0.0% from government grants) and 13.2% from program service revenue (Form 990, Part VIII).
Is Museum of Fine Arts a registered charity?
The IRS lists EIN 04-2103607 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621359349303972 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511329349305561 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401349349304530 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311329349304531 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211319349300911 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101329349303400 · read the filing
All filings for EIN 04-2103607: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.