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Arts, Culture & Humanities · 2023 Form 990

Worcester Art Museum: $15.3M Revenue, $10.0M Program Expenses

Worcester, Massachusetts · EIN 041988530 · Filing year 2023

Worcester Art Museum reported $15.3M in total revenue, $12.8M in total expenses, and $158.4M in total assets on its 2023 IRS Form 990. 78.0% of expenses ($10.0M) 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
$15.3M
Total Expenses
$12.8M
Program Expenses
$10.0M
Program Expense Ratio
78.0%
Total Assets
$158.4M
Reserve Months
149.0 months
EIN
041988530
Latest 990 Year
2023
Top Officer Compensation
Not reported

Worcester Art Museum 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 $15.3M in 2023 revenue, Worcester Art Museum 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. Worcester Art Museum directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.

Five-year revenue trajectory is strongly positive: Worcester Art Museum has grown materially in real terms, which usually signals successful fundraising and program expansion. 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. Worcester Art Museum 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.


$15.3M
Revenue
$12.8M
Expenses
$158.4M
Total Assets
78.0%
Program Spending

How Worcester Art Museum Compares

Worcester Art Museum 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 149.0 months of operating reserves, indicating strong financial stability.

Financials

Where Your Donation Goes

$10.0M
Program Spending
78.0% of expenses
Not reported
CEO Compensation
149.0 mo
Reserve Months
of expenses in assets

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

Trend

Revenue History


Worcester Art Museum 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.

Worcester Art Museum, Donor FAQ

Worcester Art Museum 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 Worcester Art Museum is not reported in the most recent IRS 990 filing on file.

Worcester Art Museum reported $15.3M in annual revenue and $12.8M in total expenses for filing year 2023. The organization holds $158.4M in total assets.

For every dollar donated to Worcester Art Museum, approximately 78.0 cents goes to program activities. The organization has 149.0 months of operating reserves, providing financial stability to sustain its mission.

Worcester Art Museum is a registered 501(c) organization with EIN 041988530, based in Worcester, Massachusetts. 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.