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The Toledo Museum of Art
The Toledo Museum of Art reported $38.0 million in revenue and $37.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $79.65 went to program services, $13.38 to management and general costs and $6.97 to fundraising. Its largest source of revenue was contributions and grants: 65.9% of the total. Government grants made up 5.4%. The highest compensation it reported for one person was $601,501 (EXECUTIVE DIRECTOR). 10 people received more than $100,000 in reportable compensation. Revenue rose 117% 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 $37MFor 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 $38M- Contributions & grants (non-government)$58.83 $23M
- Government grants$5.21 $2.0M
- Program service revenue$12.81 $5.0M
- Investment income$23.15 $9.1M
Other revenue was negative: −$1.1M. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 79.7% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.4% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 7.0% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.10 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 65.9% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 5.4% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 13.2% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $601,501 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.62% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 10 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 135.6 | 36.6 |
| Independent voting board members Part VI 1a–1b | 25 of 25 | 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 expenseThe Toledo Museum of Art operates and maintains art galleries, studio spaces and an art library for the benefit of the general public. This includes educational scholarship, research, conservation, documentation and presentation of a permanent collection of art totaling nearly 24,700 objects
With an emphasis on art education, the museum integrates art into the lives of people. The family center offers art-based activities free of charge. While there is a charge for most formal classes, the museum has an active scholarship program to support students who would not have the access or means to pursue art classes. The museum also provides bus funds to local schools and community centers to allow school children the opportunity to tour the museum in docent-led curriculum. For this reporting period, the museum provided over 700 scholarships to its 2,000 class attendees and hosted over…
The museum organizes and presents special exhibitions of its permanent collection, hosts traveling exhibitions and organizes exhibitions, sometimes in collaboration with other art museums. The museum offers programs associated with these exhibitions including music, hands-on activities, lectures and other events that are available to the general 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 |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 70.00 hrs/week | $565,419 | $0 | $36,082 | $601,501 |
| CHIEF CULTURE AND BRAND EX Officer, 55.00 hrs/week | $222,607 | $0 | $11,182 | $233,789 |
| DIRECTOR OF BRAND STRATEGY (END 09-30-24) Key employee, 55.00 hrs/week | $195,695 | $0 | $15,984 | $211,679 |
| DEPUTY DIRECTOR Key employee, 55.00 hrs/week | $172,762 | $0 | $28,331 | $201,093 |
| CHIEF FINANCIAL OFFICER Officer, 55.00 hrs/week | $175,647 | $0 | $15,318 | $190,965 |
| DIRECTOR OF PEOPLE AND TALENT Highest compensated employee, 55.00 hrs/week | $122,904 | $0 | $24,831 | $147,735 |
| DIRECTOR OF ADVOCACY AND EXTERNAL AFFAIRS Highest compensated employee, 55.00 hrs/week | $125,880 | $0 | $14,445 | $140,325 |
| SENIOR CURATOR OF GLASS AND CONTEMP CRAFT Highest compensated employee, 55.00 hrs/week | $120,303 | $0 | $13,144 | $133,447 |
10 people received more than $100,000 in reportable compensation from The Toledo Museum of Art (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.0M (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–1b25 · 25 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 26Yes
- 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 14bNo
- Employees Part I, line 5336
- Volunteers Part I, line 6350
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| LATHROP CO Construction services | $3,325,707 |
| MICHAEL MALTZAN ARCHITECTURE INC Architectural & engineering services | $1,863,171 |
| HART Advertising services | $419,086 |
| SSOE INC Architectural & engineering services | $407,351 |
| EVERGREENE ARCHITECTURAL ARTS INC Historic architecture preservation & res | $329,372 |
Individuals listed as contractors are left out. 25 contractors were paid more than $100,000 in all.
Private foundation grants it received
35 private foundations reported grants to The Toledo Museum of Art totaling $957K 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 Toledo 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 The Toledo Museum of Art, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Toledo Museum of Art spent in FY2025, $79.65 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Common Sense MediaSan Francisco, CA · revenue $38M · programs 72.2% · 2024
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- Simon Wiesenthal CenterLos Angeles, CA · revenue $38M · programs 72.1% · FY2025
- American Journalism ProjectWashington, DC · revenue $38M · programs 91.1% · 2024
- Ohio History ConnectionColumbus, OH · revenue $38M · programs 84.3% · FY2025
All arts, culture & humanities charities · Largest charities in Ohio
Questions people ask
How much of The Toledo Museum of Art's spending goes to programs?
In the fiscal year ending June 30, 2025, The Toledo Museum of Art reported that 79.7% of its $37.2 million in expenses went to program services, 13.4% to management and general and 7.0% to fundraising (Form 990, Part IX).
How much does The Toledo Museum of Art pay its top executive?
The largest total compensation The Toledo Museum of Art reported for one person in the fiscal year ending June 30, 2025 was $601,501, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Toledo Museum of Art get its money?
Of $38.0 million in revenue in the fiscal year ending June 30, 2025, 65.9% came from contributions and grants (including 5.4% from government grants) and 13.2% from program service revenue (Form 990, Part VIII).
Is The Toledo Museum of Art a registered charity?
The IRS lists EIN 34-4434678 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 202601109349300480 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501069349301420 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431229349300728 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321329349302932 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202220489349301217 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111339349301456 · read the filing
All filings for EIN 34-4434678: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.