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Arts, Culture & Humanities · 2023 Form 990

Philadelphia Museum Of Art: $114.4M Revenue, $77.9M Expenses

Philadelphia, Pennsylvania · EIN 231365388 · Filing year 2023

Philadelphia Museum Of Art reported $114.4M in total revenue, $77.9M in total expenses, and $1.2B in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $2.5M (2.16% of revenue). NonprofitTruth efficiency grade: C (54/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
C
Efficiency Score
54/100

Key Facts (2023 Form 990)

Total Revenue
$114.4M
Total Expenses
$77.9M
Total Assets
$1.2B
Reserve Months
181.4 months
Surplus / (Deficit)
$36.6M
EIN
231365388
Latest 990 Year
2023
Current-Officer Compensation
$2.5M
Officer Comp % of Revenue
2.16%

The composite efficiency score of 54/100 puts Philadelphia Museum Of Art at C — neither standout nor failing. Some factors run above the median (often reserves) while others run below (often revenue stability or officer-comp ratio).

Annual revenue at Philadelphia Museum Of Art runs $114.4M (2023), placing it among the larger U.S. nonprofits in the IRS Form 990 dataset. On the financial-health factor, Philadelphia Museum Of Art runs thin — assets relative to annual spending fall below the cushion nonprofit-finance experts typically recommend.

Five-year revenue is essentially flat — Philadelphia Museum Of Art's funding base appears stable but not growing. For mature organizations this is often the steady state; for younger ones it can signal a funding plateau worth diagnosing. Compensation for current officers and key employees runs $2.5M against $114.4M in revenue — within the band third-party charity raters typically consider reasonable for an organization of this size and complexity. This is an aggregate across all listed officers, not a single executive's salary. Philadelphia Museum Of Art sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.


$114.4M
Revenue
$77.9M
Expenses
$1.2B
Total Assets
$2.5M
Officer Compensation

How Philadelphia Museum Of Art Compares

Philadelphia Museum Of Art earns a NonprofitTruth efficiency grade of C (54/100). That is 2 points below the Arts, Culture & Humanities category average. Compensation for current officers and key employees represents 2.16% of total revenue. The organization holds 181.4 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$77.9M
Total Expenses
Filing year 2023
$2.5M
Officer Compensation
2.16% of revenue
181.4 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Philadelphia Museum Of Art reported $114.4M in revenue against $77.9M in total functional expenses for filing year 2023, holding roughly 181.4 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $2.5M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 2.16% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

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Philadelphia Museum Of Art has a NonprofitTruth Efficiency Score of C (54/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Philadelphia Museum Of Art, Donor FAQ

Philadelphia Museum Of Art has a NonprofitTruth Efficiency Score of C (54/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Philadelphia Museum Of Art reports $2.5M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 2.16% of the organization's $114.4M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

Philadelphia Museum Of Art reported $114.4M in annual revenue and $77.9M in total expenses for filing year 2023. The organization holds $1.2B in total assets.

Philadelphia Museum Of Art holds approximately 181.4 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its C efficiency grade.

Philadelphia Museum Of Art is a registered 501(c) organization with EIN 231365388, based in Philadelphia, Pennsylvania. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.