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Arts, Culture, Humanities : Museums

Metropolitan Museum of Art

5,000 years of art

four stars

91.73

1000 Fifth Avenue New York, NY 10028
tel: (212) 570-3956   Web Site
EIN: 13-1624086

Board Leadership
Daniel Brodsky
Chairman

CEO
Daniel H. Weiss
Chief Executive Officer

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 91.73 four stars
  Financial 89.02 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 05/01/2018 and includes data from FY2017, the most recent 990 received at that time.

The Metropolitan Museum of Art (Met) was founded in 1870, for the purpose of establishing and maintaining in New York City a Museum and library of art, of encouraging and developing the study of the fine arts, and the application of arts to manufacture and practical life, of advancing the general knowledge of kindred subjects, and, to that end, of furnishing popular instruction. The Met has since become the preeminent cultural institution in the Western Hemisphere, serving a public that extends far beyond New York City to all the United States and the world. As New York's premier tourist attraction, with nearly 4.7 million annual out of town visitors, the Museum serves all ages, from pre-school to senior citizens, and maintains a broad range of community and educational programs.

The Metropolitan Museum of Art (Met) was founded in 1870, for the purpose of establishing and maintaining in New York City a Museum and library of art, of encouraging and developing the study of the fine arts, and the application of arts to manufacture and practical life, of advancing the general knowledge of kindred subjects, and, to that end, of furnishing popular instruction. The Met has since become the preeminent cultural institution in the Western Hemisphere, serving a public that extends far beyond New York City to all the United States and the world. As New York's premier tourist attraction, with nearly 4.7 million annual out of town visitors, the Museum serves all ages, from pre-school to senior citizens, and maintains a broad range of community and educational programs.

Financial

three stars

89.02

Accountability & Transparency

four stars

96.00

This rating was published 05/01/2018 and includes data from FY2017, 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)
83.0%
  Administrative Expenses 14.1%
  Fundraising Expenses 2.8%
  Fundraising Efficiency $0.04
  Working Capital Ratio (years) 5.41
  Program Expenses Growth -0.5%
  Liabilities to Assets 17.9%
All data for Financial Performance Metrics calculations was provided by Metropolitan Museum of Art on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Metropolitan Museum of Art on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Metropolitan Museum of Art (NY) 91.73 four stars
Yellowstone Art Museum (MT) 91.53 four stars
Brooklyn Museum (NY) 85.81 three stars
Delaware Art Museum (DE) 89.04 three stars
Seattle Art Museum (WA) 87.90 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $249,047,705
   Federated Campaigns $0
   Membership Dues $27,461,815
   Fundraising Events $19,143,189
   Related Organizations $0
   Government Grants $16,839,947
Total Contributions $312,492,656
   Program Service Revenue $6,836,283
Total Primary Revenue $319,328,939
   Other Revenue $254,423,736
TOTAL REVENUE $573,752,675
   
EXPENSES  
   Program Expenses $347,491,906
   Administrative Expenses $69,518,628
   Fundraising Expenses $12,813,144
TOTAL FUNCTIONAL EXPENSES $429,823,678
   
Payments to Affiliates $0
Excess (or Deficit) for the year $143,928,997
   
Net Assets $3,434,296,016

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 Departments $168,735,051 48.6%
Guardianship and Maintenance $68,644,058 19.8%
Acquisitions of Art $25,506,598 7.3%

Ratings History
Metropolitan Museum of Art has received 6 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-06 05/01/2018 91.73 four stars
2016-06 10/01/2017 92.42 four stars
2015-06 10/01/2016 92.31 four stars
2014-06 06/01/2016 97.23 four stars
 
CN 2.0
2014-06 08/01/2015 97.69 four stars
2014-06 05/01/2015 94.96 four stars
2013-06 11/01/2014 97.69 four stars
2012-06 04/01/2014 94.96 four stars
2012-06 08/01/2013 90.05 four stars
2011-06 06/01/2012 84.93 three stars
2010-06 09/20/2011 88.01 three stars
 
CN 1.0
2009-06 11/24/2010 90.56 four stars
2008-06 10/01/2009 88.43 three stars
2007-06 04/01/2009 93.21 four stars
2006-06 12/15/2007 92.63 four stars
2005-06 09/01/2007 99.14 four stars
2004-06 07/01/2005 86.48 three stars
2003-06 10/01/2004 83.51 three stars
2002-06 08/01/2003 83.56 three stars
2001-06 10/15/2002 96.51 four 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 13-1624086
Name in IRS Master File THE METROPOLITAN MUSEUM OF ART
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
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, 1994
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013

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

Compensation % of Expenses Paid to Title
$842,002 0.19% Daniel H. Weiss President & CEO
Other Salaries of Note
$1,081,250 0.25% Suzanne E. Brenner Chief Investment Officer
$1,067,096 0.24% Thomas P. Campbell Former Chief Executive Officer
$1,006,994 0.23% Lauren A. Meserve Chief Investment Officer
$883,575 0.20% Barbara D. Boehm Senior Curator for the Cloisters

Highly Rated

Charity Name & State Overall Score Overall Rating
Metropolitan Museum of Art (NY) 91.73 four stars
Chrysler Museum of Art (VA) 90.90 four stars
Portland Art Museum (OR) 89.68 three stars
Figge Art Museum (IA) 85.54 three stars
Taubman Museum of Art (VA) 88.16 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Metropolitan Museum of Art
1000 Fifth Avenue
New York, NY 10028
tel: (212) 570-3956
fax: (212) 570-3878
TTY: (212) 650-2921
EIN: 13-1624086

Visit Web Site

Board Leadership

Daniel Brodsky
Chairman

CEO

Daniel H. Weiss
Chief Executive Officer

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