Museum of Fine Arts is a 501(c)(3) organization based in Boston, Massachusetts, registered in 1965, with $157,680,166 in FY2023 revenue. CharityIndex grades it B+, and it directs about 61% of spending to programs.
Revenue (FY2023)
$157.7M
▲ 58.4% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$129.9M
Net assets
$1.3B
Employees
823
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Museum of Fine Arts: 61% to programs · $9 to raise $100 earns a B on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Museum of Fine Arts: 120 mo reserves · +18% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Museum of Fine Arts: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Museum of Fine Arts: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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The museum of fine arts houses and preserves preeminent collections and aspires to serve a wide variety of people through direct encounters with works of art in order to encourage inquiry and to heighten public understanding and appreciation of the visual world.
Exhibitions: with a collection of nearly 500,000 objects, the museum owns some of the rare and important artistic treasures in the world. such a collection enables the museum to present many special exhibitions with a balance between scholarly programs and those with broad public appeal. during fiscal year 2024, the museum presented 28 exhibitions. some highlights include: matthew wong: the realm of appearances; tiny treasures: the magic of miniatures; tender loving care: contemporary art from the collection; the banner project: sheida soleimani; strong women in renaissance italy; toshiko takaezu: shaping abstraction; fashioned by sargent; digital iridescence: jell-o in new media; marking resilience: indigenous north american prints; creative spaces: the photographer's studio as inspiration; mondrian: foundations; fy24 smfa at tufts traveling fellow: dinora justice: the lay of the land; thinking small [cna: yale university art gallery 2023]; rot: comrade sisters: women of the black panther party; hallyu! the korean wave; dress up; songs for modern japan: popular music and graphic design, 1900-1950; ancestors and place: indigenous north american prints; four womxn: new musings on blackness; fy24 community arts initiative: our family portrait; barbara bosworth: the meadow; hyman bloom: landscapes of the mind; edwin holgate as printmaker; lbm: ansel adams in our time at san francisco, ca; nubia: treasures of ancient sudan at atlanta, ga; tattoos at jacksonville, fl; dutch art in a global age at atlanta, ga & fort worth, tx; hokusai: inspiration and influence at kansas city, mo.
Enterprise: the museum's retail operations offers a wide variety of merchandise related to the museum's collections and special exhibitions, which contribute importantly to the achievement of the museum's exempt educational purpose by making works of art familiar to a broader segment of the public. offerings at shop include art books, posters, cards, glass, textiles, jewelry and sculpture. merchandise is for sale in the physical shops or through retail's web-based outlet.the museum is exempt as an educational organization on the basis of its ownership, maintenance, and exhibition for public viewing of works of art. the sales of such items contributes importantly to the achievement of the museum's exempt educational purposes by stimulating and enhancing public awareness, interest, and appreciation of art. moreover, a broader segment of the public may be encouraged to visit the museum itself to share in its educational functions and programs as a result of seeing the items sold.
Operating support: expenses: $25,450,558 revenue: $0operating support consists of all other areas of the museum. including protective services, facilities and other areas which support the operations of the museum and its mission.parking facilities: expenses: $1,202,319 revenue: $4,897,685the museum owns a parking garage and has two open-air parking lots. all of these facilities are open to members and visitors to the museum. the operation of adjacent parking lots by the museum, in areas of insufficient parking spaces for the use of its visitors, contributes importantly to the museum's exempt purpose by encouraging visitation and longer periods viewing of its collections, and special exhibitions. any profits from the fee charged for the use of the lot is placed in the general operating fund.food services: expenses: $496,919 revenue: $1,760,282the museum is organized and operated as an art museum. the eating facilities are open to the museum staff, employees, and members of the public visiting the museum and are of a size commensurate with accommodation of these special groups of patrons. membership & visitors: expenses: $4,124,792 revenue: $10,634,005over 971,000 visitors attended the museum during fiscal year 2024. during the fiscal year 2024, there were more than five community days during which admission charges were waived. the museum has over 56,000 active member households. t
Revenue declined from $184.9M (FY2013) to $157.7M (FY2023) across 11 reported years.
Financial snapshot
Operating margin
17.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.5B
Total liabilities
$161.5M
Net assets
$1.3B
Salaries & benefits
$49.5M
38% of expenses
Board members
42
42 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $157,680,166▲58.4% | $129,852,845▲5.3% | $1,302,536,422▲6.9% | $1,464,063,580▲5.9% | 990 |
| 2022 | $99,573,924▼32.8% | $123,302,516▼8.3% | $1,218,854,583▲3.8% | $1,382,617,633▲4.4% | 990 |
| 2021 | $148,263,439▲8.2% | $134,496,363▲4.9% | $1,174,191,707▼7.7% | $1,324,479,765▼7.5% | 990 |
| 2020 | $137,057,905▼21.7% | $128,193,029▲4.7% | $1,271,973,544▲19.7% | $1,431,187,770▲15.9% | 990 |
| 2019 | $175,070,799▼1.3% | $122,422,275▼12.1% | $1,062,339,164▲4.7% | $1,234,619,782▲5.1% | 990 |
| 2018 | $177,299,579▲32.9% | $139,202,572▲19.0% | $1,014,799,107 | $1,174,889,792▲0.4% | 990 |
| 2017 | $133,443,644▼7.9% | $117,023,890▲0.3% | $1,014,370,738▲4.0% | $1,170,762,642▲2.3% | 990 |
| 2016 | $144,946,782▲28.0% | $116,703,506▼18.4% | $975,262,301▲7.4% | $1,144,269,940▲3.5% | 990 |
| 2015 | $113,259,858▼25.0% | $142,949,590▲4.2% | $907,996,200▼7.9% | $1,106,045,872▼6.8% | 990 |
| 2014 | $151,023,166▼18.3% | $137,182,300▲0.2% | $986,075,119▼2.4% | $1,186,766,810▼3.0% | 990 |
| 2013 | $184,872,274 | $136,956,241▼2.5% | $1,009,985,568▲9.7% | $1,223,036,744▲6.5% | 990 |
| 2012 | — | $140,398,864▼5.9% | $920,879,712▲3.6% | $1,148,595,095▲1.1% | 990 |
| 2011 | — | $149,185,619▲3.0% | $888,797,698▼5.6% | $1,135,859,886▼4.1% | 990 |
| 2010 | — | $144,810,071▲25.3% | $941,781,237▲9.7% | $1,184,740,403▲6.7% | 990 |
| 2009 | — | $115,599,517 | $858,549,129 | $1,109,956,349 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Matthew Teitelbaum — $1,037,098 (0.80% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Matthew Teitelbaum | Ann & Graham Gund Director | 40 | $1,037,098 |
| Eric Woods | Chief Operating Officer | 40 | $446,806 |
| Cameran Mason | Chief External Relations | 40 | $445,100 |
| Catherine Vandenabeele | Chief Financial Officer | 40 | $382,212 |
| Christina Yu Yu | Chief of Curatorial and Co | 40 | $263,267 |
| Jane O'reilly-corcoran | Dir. of Human Resources | 40 | $227,022 |
| Emily Blumenthal | Chief of Staff | 40 | $224,231 |
| Ellen J Reynolds | Director of Development | 40 | $219,389 |
| Edward Saywell | Chair, Prints and Drawings | 40 | $218,522 |
| Debra Lakind | Sr Dir, Ip & Business Deve | 40 | $213,905 |
| Christopher Fox | Dir. of Treasury Managemen | 40 | $211,163 |
| Jonathan Frederick | Senior Director, Information Systems & Technology | 40 | $203,846 |
| Dalia Linssen | Senior Director, Academic Engagement and Research | 40 | $137,625 |
| Robert Worstell | Interim Chief of Learning | 40 | $96,857 |
| Pierre Terjanian | Chief of Curatorial Affairs and Conservation | 40 | $48,646 |
| Mariel Novas | Chief of Learning and Comm | 40 | $16,842 |
| Abigail Ross Goodman | Elected Trustee | 1 | — |
| Amy Poorvu | Elected Trustee | 1 | — |
| Antonio Porres | Elected Trustee | 1 | — |
| Azi Djazani | Elected Trustee - Chair | 1 | — |
| Contractor | Services | Paid |
|---|---|---|
| Shawmut Woodworking | Construction | $4,751,572 |
| Us Art Company | Art Shipping and Storage | $2,293,664 |
| Tarianrsig Security LLC | Security | $1,996,072 |
| C&w Facility Services Inc | Cleaning Services | $1,141,167 |
| Cambridge Associates LLC | Investment Management | $1,118,182 |
136 grants to Museum of Fine Arts totaling $166.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Data for Museum of Fine Arts (EIN 04-2103607) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.