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Arts, Culture, Humanities : Museums

Worcester Art Museum

three stars

86.77

55 Salisbury Street Worcester, MA 01609
tel: (508) 799-4406   Web Site
EIN: 04-1988530

Board Leadership
Dorothy Chen-Courtin
President

CEO
Matthias Waschek
Director

  Score
(out of 100)
Rating
Overall Score & Rating 86.77 three stars
  Financial 88.83 three stars
  Accountability & Transparency 85.00 three stars
This rating was published 03/01/2021 and includes data from FY2019, the most recent 990 received at that time.

Considered a “classic American museum,” the Worcester Art Museum was founded in 1896 by Stephen Salisbury III and 50 prominent citizens of Worcester and opened to the public in 1898. Since less than 5 percent of its permanent collection is on display, the Museum organizes temporary exhibitions in three major areas: Contemporary, Asian and Prints, Drawings and Photographs (PDP). The Worcester Art Museum is home to one of the country's first museum/public school collaborations, established in 1927. This long-term commitment to schoolchildren in the central Massachusetts region continues today with thousands of school children visiting the museum for a tour and/or a gallery/studio/workshop as part of their schooling. In addition to these collaborations with the schools, the museum welcomes thousands of adults and families for informal and formal learning experiences in a wide range of educational and experiential programs.

Considered a “classic American museum,” the Worcester Art Museum was founded in 1896 by Stephen Salisbury III and 50 prominent citizens of Worcester and opened to the public in 1898. Since less than 5 percent of its permanent collection is on display, the Museum organizes temporary exhibitions in three major areas: Contemporary, Asian and Prints, Drawings and Photographs (PDP). The Worcester Art Museum is home to one of the country's first museum/public school collaborations, established in 1927. This long-term commitment to schoolchildren in the central Massachusetts region continues today with thousands of school children visiting the museum for a tour and/or a gallery/studio/workshop as part of their schooling. In addition to these collaborations with the schools, the museum welcomes thousands of adults and families for informal and formal learning experiences in a wide range of educational and experiential programs.

Financial

three stars

88.83

Accountability & Transparency

three stars

85.00

This rating was published 03/01/2021 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
76.4%
  Administrative Expenses 18.9%
  Fundraising Expenses 4.5%
  Fundraising Efficiency $0.08
  Working Capital Ratio (years) 1.88
  Program Expenses Growth 3.8%
  Liabilities to Assets 2.7%
All data for Financial Performance Metrics calculations was provided by Worcester Art Museum on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Worcester Art Museum on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Worcester Art Museum (MA) 86.77 three stars
Portland Museum of Art (ME) 90.67 four stars
Hunter Museum of American Art (TN) 90.39 four stars
Cameron Art Museum (NC) 90.22 four stars
The Cummer Museum of Art & Gardens (FL) 90.85 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $8,744,311
   Federated Campaigns $0
   Membership Dues $278,872
   Fundraising Events $194,600
   Related Organizations $0
   Government Grants $57,000
Total Contributions $9,274,783
   Program Service Revenue $987,216
Total Primary Revenue $10,261,999
   Other Revenue $1,832,222
TOTAL REVENUE $12,094,221
   
EXPENSES  
   Program Expenses $9,016,094
   Administrative Expenses $2,162,964
   Fundraising Expenses $415,969
TOTAL FUNCTIONAL EXPENSES $11,595,027
   
Payments to Affiliates $0
Excess (or Deficit) for the year $499,194
   
Net Assets $115,072,262

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Curatorial Conservation & Library $6,449,053 71.5%
Publications $1,679,316 18.6%
Educational Program $887,725 9.8%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-08 03/01/2021 86.77 three stars
2018-08 07/01/2019 87.66 three stars
2017-08 08/01/2018 84.14 three stars
2016-08 11/01/2017 88.78 three stars
2015-08 02/01/2017 83.97 three stars
2014-08 06/01/2016 83.29 three stars
 
CN 2.0
2014-08 03/01/2016 83.13 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 04-1988530
Name in IRS Master File WORCESTER ART MUSEUM
NTEE Code A51
NTEE Classification Art Museums
NTEE Type Arts, Culture and Humanities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (119) Other cultural or historical activities
(60) Museum, zoo, planetarium, etc.
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date March, 1934
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End August
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • August, 2018
  • August, 2017
  • August, 2016
  • August, 2015
  • August, 2014
Compensation % of Expenses Paid to Title
$293,660 2.53% Matthias Waschek Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Worcester Art Museum (MA) 86.77 three stars
Storm King Art Center (NY) 89.04 three stars
Vero Beach Museum of Art (FL) 85.30 three stars
National Gallery of Art (DC) 88.48 three stars
Denver Art Museum (CO) 85.62 three stars

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Charity Contact Info

Worcester Art Museum
55 Salisbury Street
Worcester, MA 01609
tel: (508) 799-4406
EIN: 04-1988530

Visit Web Site

Board Leadership

Dorothy Chen-Courtin
President

CEO

Matthias Waschek
Director

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