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Museum Associates
Also known as Los Angeles County Museum of Art (Lacma)
Museum Associates reported $235.4 million in revenue and $124.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $84.46 went to program services, $10.38 to management and general costs and $5.16 to fundraising. Its largest source of revenue was contributions and grants: 52.9% of the total. The highest compensation it reported for one person was $2,056,119 (CEO AND WALLIS ANNENBERG DIRECTOR). 70 people received more than $100,000 in reportable compensation. Revenue rose 89% between FY2021 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 $125MFor 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 $235MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 84.5% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.4% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 5.2% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.05 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 52.9% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.6% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 37.0% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $2,056,119 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.65% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 70 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 101.7 | 36.6 |
| Independent voting board members Part VI 1a–1b | 56 of 59 | 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 expenseExhibition, curatorial, conservation & art programs:lacma presented 16 exhibitions and permanent collection installations in fiscal 2024-2025, featuring artworks from its own collection and from lenders around the world. Public programs, films, and concerts are developed in coordination with special exhibitions. Many works from the museum's collection of over 150,000 objects are treated by conservators, while the museum's research library and scholarly publications provide reference support to museum staff and outside scholars. All of these activities serve to meet the goals of conservation…
Facility enhancement:in fiscal 2024-2025, lacma continued work towards a major, new museum building. Most of these costs were capitalized and are not reflected on this line. This category of expense also reflects financing and depreciation expense representing amortization of the capitalized costs of constructing the museum's physical facilities, an activity that is one of the core reasons Museum Associates was founded
Art acquisition:works of art in all media, from every historical period, and from every corner of the globe are purchased to enhance the museum's permanent collection. Such additions contribute to the museum's goal of collecting significant works of art from a broad range of cultures and eras.expenses reflect funds paid by the museum for the acquisition of artwork during the year, but do not reflect the value of gifts of art. Revenues represent the proceeds of deaccessions from the permanent collection received during the fiscal year, which, in accordance with museum policy, are restricted…
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 |
|---|---|---|---|---|
| CEO AND WALLIS ANNENBERG DIRECTOR Officer, 40.00 hrs/week | $1,412,481 | $296,334 | $347,304 | $2,056,119 |
| CHIEF OPERATING OFFICER Key employee, 40.00 hrs/week | $853,927 | $0 | $84,419 | $938,346 |
| GENERAL COUNSEL & ASSISTANT Officer, 40.00 hrs/week | $497,919 | $0 | $15,560 | $513,479 |
| SR. DEPUTY DIRECTOR ART ADMIN AND COLLECTIONS Key employee, 40.00 hrs/week | $120,743 | $164,609 | $162,965 | $448,317 |
| SVP, SITE OPERATIONS Key employee, 40.00 hrs/week | $350,914 | $0 | $84,676 | $435,590 |
| SVP, DEVELOPMENT Key employee, 40.00 hrs/week | $363,250 | $0 | $57,793 | $421,043 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $326,828 | $0 | $83,269 | $410,097 |
| DEPUTY DIRECTOR, PROGRAM DIRECTOR Highest compensated employee, 40.00 hrs/week | $285,938 | $0 | $92,648 | $378,586 |
70 people received more than $100,000 in reportable compensation from Museum Associates (Part VII, line 2). Compensation of current officers, directors and key employees totaled $4.3M (Part IX, line 5).
5 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–1b59 · 56 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 5594
- Volunteers Part I, line 6144
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| CLARK CONSTRUCTION GROUP CA LP Construction | $129,969,672 |
| ALLIED UNIVERSAL SECURITY SERVICES Security | $6,937,430 |
| C&W FACILITY SERVICES INC Custodial services | $1,577,149 |
| ATELIER PETER ZUMTHOR & PARTNER Architecture | $1,503,361 |
Individuals listed as contractors are left out. 36 contractors were paid more than $100,000 in all.
Private foundation grants it received
128 private foundations reported grants to Museum Associates totaling $77M 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 Associates'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 Associates, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Museum Associates spent in FY2025, $84.46 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Lincoln Center for the Performing ArtsNew York, NY · revenue $235M · programs 74.9% · FY2025
- Los Angeles Philharmonic AssociationLos Angeles, CA · revenue $245M · programs 84.3% · FY2025
- WGBH Educational FoundationBoston, MA · revenue $216M · programs 83.1% · FY2025
- American Museum of Natural HistoryNew York, NY · revenue $247M · programs 83.1% · FY2025
- The Barack Obama FoundationChicago, IL · revenue $210M · programs 55.9% · 2024
All arts, culture & humanities charities · Largest charities in California
Questions people ask
How much of Museum Associates's spending goes to programs?
In the fiscal year ending June 30, 2025, Museum Associates reported that 84.5% of its $124.5 million in expenses went to program services, 10.4% to management and general and 5.2% to fundraising (Form 990, Part IX).
How much does Museum Associates pay its top executive?
The largest total compensation Museum Associates reported for one person in the fiscal year ending June 30, 2025 was $2,056,119, for the role of CEO AND WALLIS ANNENBERG DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Museum Associates get its money?
Of $235.4 million in revenue in the fiscal year ending June 30, 2025, 52.9% came from contributions and grants (including 0.6% from government grants) and 37.0% from program service revenue (Form 990, Part VIII).
Is Museum Associates a registered charity?
The IRS lists EIN 95-2264067 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 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 202621339349308237 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501349349312530 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421349349305977 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341359349316889 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202202509349300035 · read the filing
All filings for EIN 95-2264067: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.