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Metropolitan Museum of Art
Metropolitan Museum of Art reported $907.4 million in revenue and $502.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $57.36 went to program services, $37.91 to management and general costs and $4.73 to fundraising. Its largest source of revenue was investment income: 57.3% of the total. The highest compensation it reported for one person was $2,180,303 (SVP & CHIEF INVESTMENT OFFICER). 563 people received more than $100,000 in reportable compensation. Revenue rose 119% 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 $502MFor 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 $907MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 57.4% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 37.9% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.7% | 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 | 39.3% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 2.1% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.5% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $2,180,303 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.43% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 563 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 137.9 | 36.6 |
| Independent voting board members Part VI 1a–1b | 49 of 50 | 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 expenseCuratorial departments, including operation of the cloisters, conservation, cataloguing, and scholarly publications (includes fellowship awards and travel stipends in the amount of $2,322,708)
Education programs, museum libraries, concerts & lectures, and digital media
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 |
|---|---|---|---|---|
| SVP & CHIEF INVESTMENT OFFICER Officer, 35.0 hrs/week | $1,646,429 | $0 | $533,874 | $2,180,303 |
| Director & CEO Director/trustee, officer, 35.0 hrs/week | $1,804,586 | $0 | $67,134 | $1,871,720 |
| SENIOR INVESTMENT OFFICER Highest compensated employee, 35.0 hrs/week | $915,208 | $0 | $319,200 | $1,234,408 |
| SENIOR INVESTMENT OFFICER Highest compensated employee, 35.0 hrs/week | $1,089,097 | $0 | $66,631 | $1,155,728 |
| COO, CFO AND TREASURER Officer, 35.0 hrs/week | $803,416 | $0 | $61,218 | $864,634 |
| DEP DIR & CHF ADVANCEMENT OFF Officer, 35.0 hrs/week | $602,228 | $0 | $67,247 | $669,475 |
| SVP,SECRTRY&GEN.CNSL to 4/1/25 Officer, 35.0 hrs/week | $522,100 | $0 | $76,575 | $598,675 |
| DEP DIR FOR EXH & INT'L INITIA Officer, 35.0 hrs/week | $418,853 | $0 | $76,940 | $495,793 |
563 people received more than $100,000 in reportable compensation from Metropolitan Museum of Art (Part VII, line 2). Compensation of current officers, directors and key employees totaled $11M (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–1b50 · 49 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 2Yes
- 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 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 52,235
- Volunteers Part I, line 61,355
Private foundation grants it received
683 private foundations reported grants to Metropolitan Museum of Art totaling $62M 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 Metropolitan Museum of Art's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Metropolitan Museum of Art, you can publish a response that is linked from this page.
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Of every $100 Metropolitan Museum of Art spent in FY2025, $57.36 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Public Broadcasting ServiceArlington, VA · revenue $697M · programs 92.1% · FY2025
- Smithsonian InstitutionWashington, DC · revenue $1.91B · programs 74.7% · FY2025
- John F Kennedy Center for the Performing ArtsWashington, DC · revenue $517M · programs 87.9% · FY2025
- National Gallery of ArtLandover, MD · revenue $383M · programs 71.1% · FY2025
- Crystal StairsLos Angeles, CA · revenue $376M · programs 97.2% · FY2025
All arts, culture & humanities charities · Largest charities in New York
Questions people ask
How much of Metropolitan Museum of Art's spending goes to programs?
In the fiscal year ending June 30, 2025, Metropolitan Museum of Art reported that 57.4% of its $502.0 million in expenses went to program services, 37.9% to management and general and 4.7% to fundraising (Form 990, Part IX).
How much does Metropolitan Museum of Art pay its top executive?
The largest total compensation Metropolitan Museum of Art reported for one person in the fiscal year ending June 30, 2025 was $2,180,303, for the role of SVP & CHIEF INVESTMENT OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Metropolitan Museum of Art get its money?
Of $907.4 million in revenue in the fiscal year ending June 30, 2025, 39.3% came from contributions and grants (including 2.1% from government grants) and 0.5% from program service revenue (Form 990, Part VIII).
Is Metropolitan Museum of Art a registered charity?
The IRS lists EIN 13-1624086 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 202600449349301510 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202510499349301586 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202410469349300531 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202330469349301348 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202210469349300011 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202100409349300920 · read the filing
All filings for EIN 13-1624086: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.