Royal Ontario Museum
Only 58% goes to programs $0 to raise $100 Thin reserves Growing revenue
Royal Ontario Museum is a 501(c)(3) organization, registered in 1978, with $74,502,137 in FY2024 revenue. CharityIndex grades it C+, and it directs about 58% of spending to programs.
Toronto Ontario M5s2c6, Canada, 00000 EIN 98-0033472 Since 1978
Revenue (FY2024)
$74.5M
▲ 11.8% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$71.0M
Net assets
-$34.3M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
CProgram efficiency40% of the rating58% to programs · $0 to raise $100
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 Royal Ontario Museum: 58% to programs · $0 to raise $100 earns a C on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · +5% margin
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 Royal Ontario Museum: 0 mo reserves · +5% margin earns a D on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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 Royal Ontario Museum: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
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 Royal Ontario Museum: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
The rom showcases art culture and nature from around the world and across the ages. as the countrys preeminent field research institute and an international leader in new and original findings the rom plays a vital role in advancing our understanding of the artistic cultural and natural world. among the top 10 cultural institutions in north america canadas largest and most comprehensive museum is home to a world-class collection of 13 million art objects and natural history specimens in 40 gallery exhibition spaces.
Contact & location
- Address
- Toronto Ontario M5s2c6, Canada, 00000
- City
- —
- State
- —
- Category
- Arts, Culture & Humanities
- Subcategory
- Museums
- Phone
- …
Financial trends
Revenue grew from $49.0M (FY2020) to $74.5M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $179.7MNet assets -$34.3M
Operating margin
4.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$145.3M
Total liabilities
$179.7M
Net assets
-$34.3M
Salaries & benefits
$32.9M
46% of expenses
Board members
21
20 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $74,502,137▲11.8% | $70,969,045▲2.4% | -$34,337,360▲12.1% | $145,345,271▼0.9% | 990 |
| 2023 | $66,628,044▲9.8% | $69,305,240▲7.0% | -$39,069,012▼5.2% | $146,595,351▼3.9% | 990 |
| 2022 | $60,665,119▼1.2% | $64,746,515▲4.7% | -$37,127,996▼6.6% | $152,549,112▼8.3% | 990 |
| 2021 | $61,371,646▲25.3% | $61,851,203▲25.5% | -$34,834,727▼11.0% | $166,282,284▲6.1% | 990 |
| 2020 | $48,995,364 | $49,294,589 | -$31,375,195 | $156,764,486 | 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.
Leadership & compensation (FY2024)
Highest-paid: Joshua Basseches — $385,306 (0.54% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Joshua Basseches | Director and Chief Executive Officer | 35 | $385,306 |
| Valerie Huaco | Deputy Director Collections and Research and Chief Innovation Officer | 35 | $231,933 |
| Jennifer Wild | Deputy Director Engagement | 35 | $224,201 |
| Shyam Oberoi | Chief Digital Officer | 35 | $180,171 |
| Susan Fruchter | Deputy Director Museum Operations | 35 | $180,107 |
| Brian Mccrady | Chief Facilities Officer | 35 | $161,620 |
| Chen Shen | Co-chief Curator Art and Culture | 35 | $161,620 |
| Manuelita Cherizard | Chief Human Resources Officer | 35 | $161,620 |
| Sally Tindal | Vice President Communications and Publishing | 35 | $161,153 |
| Joe Aschaiek | Deputy Director and Chief Financial Officer | 35 | $160,185 |
| David Evans | Co-chief Curator Natural History | 35 | $154,957 |
| Alexis Easton | Vice President Public Affairs Vice-presidente Affaires Publiques | 35 | $142,884 |
| Deepali Deewan | Dan Mishra Curator and Head Art and Culture | 35 | $138,609 |
| Deepali Dewan | Dan Mishra Curator of South Asian Art and Culture | 35 | $134,169 |
| Patricia Reynolds | Vice President Finance | 35 | $131,705 |
| Kim Tait | Senior Curator Teck Chair of Mineralogy | 35 | $126,982 |
| Anila Swarupa | Senior Vice President Exhibition and Gallery Development | 35 | $126,141 |
| Maria Piacente | Senior Vice President Exhibition and Gallery Planning | 35 | $126,141 |
| Constance Macdonald | Vice President Programs Events and Commercial Services | 35 | $113,221 |
| Loredana Drusian | Vice President Major Project Management | 35 | $111,127 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Eastern Construction Company | Construction | $2,045,043 |
| 2232260 Ontario Inc National Show | Events | $1,462,707 |
| Semple Gooder | Capital Improvement | $1,305,986 |
| Omd Canada | Marketing | $1,255,323 |
| Druxys Inc | Events | $1,013,544 |
Frequently asked questions
- Is Royal Ontario Museum a legitimate nonprofit?
- Yes. Royal Ontario Museum is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 98-0033472.
- What is Royal Ontario Museum's EIN?
- Royal Ontario Museum's Employer Identification Number (EIN) is 98-0033472.
- How much revenue does Royal Ontario Museum report?
- Royal Ontario Museum reported $74,502,137 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Royal Ontario Museum's spending goes to programs?
- Royal Ontario Museum spends about 58% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Royal Ontario Museum have?
- CharityIndex grades Royal Ontario Museum C+, based on program efficiency and fundraising cost.
- How much does Royal Ontario Museum's highest-paid employee make?
- The highest reported compensation on Royal Ontario Museum's latest Form 990 is $385,306, paid to Joshua Basseches (Director and Chief Executive Officer).
Explore more
Data for Royal Ontario Museum (EIN 98-0033472) 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.