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Arts, Culture & Humanities · 2023 Form 990

Virginia Museum Of Fine Arts Foundation: $33.3M Revenue, $28.1M Program Expenses

Richmond, Virginia · EIN 510205333 · Filing year 2023

Virginia Museum Of Fine Arts Foundation reported $33.3M in total revenue, $36.0M in total expenses, and $320.9M in total assets on its 2023 IRS Form 990. 78.0% of expenses ($28.1M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: C (63/100).

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

C
Efficiency Score
63/100

Key Facts (2023 Form 990)

Total Revenue
$33.3M
Total Expenses
$36.0M
Program Expenses
$28.1M
Program Expense Ratio
78.0%
Total Assets
$320.9M
Reserve Months
106.9 months
EIN
510205333
Latest 990 Year
2023
Top Officer Compensation
Not reported

Virginia Museum Of Fine Arts Foundation earns a C on the efficiency rubric — the median bucket on the LakeQuality scale, indicating performance close to the national midpoint across program spending, executive compensation, and financial reserves. Composite score: 63/100.

At $33.3M in 2023 revenue, Virginia Museum Of Fine Arts Foundation sits in the mid-range of the U.S. nonprofit distribution. Most organizations of this scale operate regionally or focus on a single program area. Program-spending efficiency is strong: 80% of total expenses flow to program activities, above the 75% benchmark most third-party charity raters use.

Five-year revenue has grown modestly. Virginia Museum Of Fine Arts Foundation is not expanding rapidly but is not shrinking either; the trajectory is consistent with stable donor and grant relationships. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. Virginia Museum Of Fine Arts Foundation 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.


$33.3M
Revenue
$36.0M
Expenses
$320.9M
Total Assets
78.0%
Program Spending

How Virginia Museum Of Fine Arts Foundation Compares

Virginia Museum Of Fine Arts Foundation directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 63/100 is 6 points below the Arts, Culture & Humanities category average. The organization holds 106.9 months of operating reserves, indicating strong financial stability.

Financials

Where Your Donation Goes

$28.1M
Program Spending
78.0% of expenses
Not reported
CEO Compensation
106.9 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, for every dollar donated to Virginia Museum Of Fine Arts Foundation, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.

Trend

Revenue History


Virginia Museum Of Fine Arts Foundation has an Efficiency Score of C (63/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

Virginia Museum Of Fine Arts Foundation, Donor FAQ

Virginia Museum Of Fine Arts Foundation has an Efficiency Score of C (63/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

CEO/officer compensation for Virginia Museum Of Fine Arts Foundation is not reported in the most recent IRS 990 filing on file.

Virginia Museum Of Fine Arts Foundation reported $33.3M in annual revenue and $36.0M in total expenses for filing year 2023. The organization holds $320.9M in total assets.

For every dollar donated to Virginia Museum Of Fine Arts Foundation, approximately 78.0 cents goes to program activities. The organization has 106.9 months of operating reserves, providing financial stability to sustain its mission.

Virginia Museum Of Fine Arts Foundation is a registered 501(c) organization with EIN 510205333, based in Richmond, Virginia. 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 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.