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Aspen Art Museum
Aspen Art Museum reported $17.0 million in revenue and $11.6 million in expenses for the fiscal year ending September 30, 2024. Of every $100 it spent, $70.87 went to program services, $17.07 to management and general costs and $12.06 to fundraising. Its largest source of revenue was contributions and grants: 80.4% of the total. The highest compensation it reported for one person was $688,827 (CHIEF EXECUTIVE OFFICER/DI). 2 people received more than $100,000 in reportable compensation. Revenue rose 189% between FY2020 and FY2024. Source: Form 990, FY2025 (6 mo.).
Where $100 of spending went
The 6-month short period ending March 31, 2025 · Form 990, Part IX, line 25 · total expenses $12MFor 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 6-month short period ending March 31, 2025 · Form 990, Part VIII · total revenue $17MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 70.9% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 17.1% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 12.1% | 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 | 80.4% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.1% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $688,827 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 5.93% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 2 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 46.1 | 36.6 |
| Independent voting board members Part VI 1a–1b | 24 of 24 | 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 (6 mo.) · Form 990, Part III · the three largest programs by expenseThe primary goal of the Aspen Art Museum (aam) is to be a community resource for the appreciation, education, and discussion of contemporary art. Aam exhibitions can be summarized as falling into three general categories: first-time U.S. Museum exhibitions by significant emerging contemporary artists from around the globe; solo exhibitions by important or established contemporary artists that focus on new, unrecognized, or underappreciated aspects of their work; group exhibitions curated to address prescient or topical contemporary cultural, social, or political subject matter, or otherwise…
The aam strives to make contemporary art meaningful to a wide array of audiences through interpretive projects and diverse, community-based programming. These object-based learning opportunities are designed to engage audiences in thought-provoking experiences of art, culture, and society, thus reflecting our institutional mission. Programs occur both in the museum and throughout the community, and provide the opportunity for audiences to see and respond to contemporary art through hands-on workshops, gallery talks, and tours, lectures, and innovative activities related to current…
Auxiliary services including the museum shop and cafe. The museum shop offers a variety of contemporary art books, focusing on contemporary artists, group exhibitions at other renowned institutions, and art history publications. Additionally, the shop offers children's books, creative activities, and thoughtfully curated gift items related to current exhibitions, which engage audiences in thought provoking experiences of art, culture, and society. The rooftop cafe, with a scenic view of aspen mountain, provides a unique dining experience with farm-to-fork menu options as well as an outdoor…
Highest reported compensation
FY2025 (6 mo.) · 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 |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER/DI Officer, 60.00 hrs/week | $671,952 | $0 | $16,875 | $688,827 |
| CHIEF DEVELOPMENT OFFICER Officer, 50.00 hrs/week | $193,310 | $0 | $10,740 | $204,050 |
2 people received more than $100,000 in reportable compensation from Aspen Art Museum (Part VII, line 2). Compensation of current officers, directors and key employees totaled $603K (Part IX, line 5).
6 filings since FY2020
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 (6 mo.) · 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–1b24 · 24 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 14bNo
- Employees Part I, line 5101
- Volunteers Part I, line 624
Largest outside contractors
FY2025 (6 mo.) · Form 990, Part VII, Section B · businesses only| CROZIER FINE ARTS INC Art shipping | $511,386 |
| ECLECTIC HIVE EVENT DESIGN Artcrush event design & consulting | $416,130 |
| LIAISONS CORPORATION Event registrations | $306,420 |
| DIA CENTER FOR THE ARTS Art crating & installation | $289,956 |
| ASPEN SKIING COMPANY LLC Catering & event space provider | $287,147 |
Individuals listed as contractors are left out. 21 contractors were paid more than $100,000 in all.
Private foundation grants it received
41 private foundations reported grants to Aspen Art Museum totaling $2.2M 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 Aspen Art Museum's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Aspen Art Museum, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Aspen Art Museum spent in FY2024, $70.87 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Denver Film SocietyDenver, CO · revenue $17M · programs 89.9% · FY2026
- Philadelphia Mural Arts AdvocatesPhiladelphia, PA · revenue $17M · programs 84.6% · FY2025
- The Center for Holocaust and Humanity EducationCincinnati, OH · revenue $17M · programs 81.7% · FY2025
- All Stars ProjectNew York, NY · revenue $17M · programs 73.2% · 2024
- Modern Language Association of AmericaNew York, NY · revenue $17M · programs 82.3% · FY2025
All arts, culture & humanities charities · Largest charities in Colorado
Questions people ask
How much of Aspen Art Museum's spending goes to programs?
In the fiscal year ending September 30, 2024, Aspen Art Museum reported that 70.9% of its $11.6 million in expenses went to program services, 17.1% to management and general and 12.1% to fundraising (Form 990, Part IX).
How much does Aspen Art Museum pay its top executive?
The largest total compensation Aspen Art Museum reported for one person in the fiscal year ending September 30, 2024 was $688,827, for the role of CHIEF EXECUTIVE OFFICER/DI (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Aspen Art Museum get its money?
Of $17.0 million in revenue in the fiscal year ending September 30, 2024, 80.4% came from contributions and grants and 0.1% from program service revenue (Form 990, Part VIII).
Is Aspen Art Museum a registered charity?
The IRS lists EIN 84-0746671 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 (6 mo.): Form 990 for the 6-month short period ending March 31, 2025, object 202620479349300542 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202532119349301018 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202411519349300346 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022 (amended), object 202312219349301786 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202212279349303491 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202132109349301618 · read the filing
All filings for EIN 84-0746671: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.