The Pierpont Morgan Library
Also known as The Morgan Library & Museum
The Pierpont Morgan Library reported $55.1 million in revenue and $41.9 million in expenses for the fiscal year ending March 31, 2025. Of every $100 it spent, $79.59 went to program services, $12.68 to management and general costs and $7.73 to fundraising. Its largest source of revenue was contributions and grants: 52.7% of the total. The highest compensation it reported for one person was $896,039 (Director). 31 people received more than $100,000 in reportable compensation. Revenue rose 79% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending March 31, 2025 · Form 990, Part IX, line 25 · total expenses $42MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending March 31, 2025 · Form 990, Part VIII · total revenue $55MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 79.6% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 7.7% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.11 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 52.7% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.2% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 9.9% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $896,039 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.14% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 31 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 122.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 21 of 22 | 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: The Morgan Library & Museum ("the Morgan") occupies a midtown Manhattan campus comprised of three landmarked buildings that are joined by pavilions constructed of steel-and-glass panels designed by renowned architect Renzo Piano. The Morgan houses one of the world's greatest collections of artistic, literary, musical, and historical works. Included in its holdings are original scores of Mozart and Beethoven, drawings by Rembrandt and Rubens, medieval and Renaissance works, three Gutenberg Bibles, literary manuscripts by Dickens and Twain, and five-thousand-year-old carvings from…
Library and Museum Services: The Morgan Library & Museum is one of nineteen independent research libraries in the United States and, as such, makes its collections available to qualified researchers for study on-site in the Sherman Fairchild Reading Room and the Drawing Study Center. An online catalog of the collections is accessible at www.themorgan.org and assists researchers both on-and off-site. Active digitization and publication programs help to extend the reach of the Morgan's scholarly services and support study of the collections.The Morgan has had professional paper and book…
Public Programs: During fiscal year 2025, the Morgan offered a variety of programs to both onsite and online visitors. This included 44 programs for adults onsite, attracting 5,571 attendees to a diverse array of lectures, concerts, performances, symposia, conversations, workshops, festivals, films, and tours. Additionally, 505 daily highlights and special exhibition tours drew a total of 11,814 people. Online programs continued with 26 programs, attracting 2,547 attendees worldwide to short courses, lectures, and discussions. The Morgan's school programs offered both in-person and virtual…
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 |
|---|---|---|---|---|
| Director Director/trustee, officer, 35.00 hrs/week | $772,730 | $0 | $123,309 | $896,039 |
| Dir. of Fin./Adm & Asst. Treasurer Officer, 35.00 hrs/week | $345,857 | $0 | $75,844 | $421,701 |
| Deputy Dir.& Asst.Secretary Officer, 35.00 hrs/week | $286,561 | $0 | $48,686 | $335,247 |
| Dir. of Institutional Advancement Highest compensated employee, 35.00 hrs/week | $243,799 | $0 | $24,967 | $268,766 |
| Controller Highest compensated employee, 35.00 hrs/week | $197,744 | $0 | $48,944 | $246,688 |
| Dir. of Curatorial Affairs Highest compensated employee, 35.00 hrs/week | $203,203 | $0 | $35,832 | $239,035 |
| Sherman Fairchild Head of Thaw Ctr. Highest compensated employee, 35.00 hrs/week | $169,460 | $0 | $46,223 | $215,683 |
| Engineer Highest compensated employee, 35.00 hrs/week | $169,805 | $0 | $13,652 | $183,457 |
31 people received more than $100,000 in reportable compensation from The Pierpont Morgan Library (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.9M (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–1b22 · 21 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 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 5268
- Volunteers Part I, line 646
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Sotheby's Auction Commissions and Services | $1,527,720 |
| AKA NYC Limited Advertising and Marketing fees | $788,193 |
| Allied Security Holdings LLC Security Officers | $606,082 |
| Restaurant Associates Food service provider | $462,417 |
Individuals listed as contractors are left out. 31 contractors were paid more than $100,000 in all.
Private foundation grants it received
88 private foundations reported grants to The Pierpont Morgan Library totaling $13M 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 The Pierpont Morgan Library's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Pierpont Morgan Library, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Pierpont Morgan Library spent in FY2025, $79.59 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Flint Hill SchoolOakton, VA · revenue $55M · programs 90.0% · FY2025
- Rochester Prep Charter SchoolsRochester, NY · revenue $55M · programs 90.7% · FY2025
- Academir Charter SchoolMiami, FL · revenue $55M · programs 100.0% · FY2025
- Washington International SchoolWashington, DC · revenue $55M · programs 83.8% · FY2025
- Achievement FirstNew Haven, CT · revenue $55M · programs 82.6% · FY2025
Questions people ask
How much of The Pierpont Morgan Library's spending goes to programs?
In the fiscal year ending March 31, 2025, The Pierpont Morgan Library reported that 79.6% of its $41.9 million in expenses went to program services, 12.7% to management and general and 7.7% to fundraising (Form 990, Part IX).
How much does The Pierpont Morgan Library pay its top executive?
The largest total compensation The Pierpont Morgan Library reported for one person in the fiscal year ending March 31, 2025 was $896,039, for the role of Director (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Pierpont Morgan Library get its money?
Of $55.1 million in revenue in the fiscal year ending March 31, 2025, 52.7% came from contributions and grants (including 0.2% from government grants) and 9.9% from program service revenue (Form 990, Part VIII).
Is The Pierpont Morgan Library a registered charity?
The IRS lists EIN 13-1624146 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 March 31, 2025 (amended), object 202611209349300246 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending March 31, 2024, object 202510429349301346 · read the filing
- FY2023: Form 990 for the fiscal year ending March 31, 2023, object 202440399349301804 · read the filing
- FY2022: Form 990 for the fiscal year ending March 31, 2022, object 202320449349301337 · read the filing
- FY2021: Form 990 for the fiscal year ending March 31, 2021, object 202210419349300136 · read the filing
- FY2020: Form 990 for the fiscal year ending March 31, 2020, object 202120399349300637 · read the filing
All filings for EIN 13-1624146: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.