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Arts, Culture, Humanities : Museums

Metropolitan Museum of Art

5,000 years of art

four stars

95.80

1000 Fifth Avenue New York, NY 10028
tel: (212) 535-7710   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 95.80 four stars
  Financial 95.61 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 05/01/2019 and includes data from FY2018, 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.

Impact Information

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Financial

four stars

95.61

Accountability & Transparency

four stars

96.00

This rating was published 05/01/2019 and includes data from FY2018, 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)
83.6%
  Administrative Expenses 13.4%
  Fundraising Expenses 2.8%
  Fundraising Efficiency $0.04
  Working Capital Ratio (years) 5.58
  Program Expenses Growth 6.1%
  Liabilities to Assets 15.8%
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) 95.80 four stars
New Britain Museum of American Art (CT) 87.21 three stars
Santa Barbara Museum of Art (CA) 92.24 four stars
Wadsworth Atheneum (CT) 92.19 four stars
Dallas Museum of Art (TX) 88.64 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $214,579,456
   Federated Campaigns $0
   Membership Dues $28,649,667
   Fundraising Events $24,035,308
   Related Organizations $0
   Government Grants $12,084,256
Total Contributions $279,348,687
   Program Service Revenue $8,530,162
Total Primary Revenue $287,878,849
   Other Revenue $286,919,994
TOTAL REVENUE $574,798,843
   
EXPENSES  
   Program Expenses $419,180,093
   Administrative Expenses $59,183,913
   Fundraising Expenses $13,809,106
TOTAL FUNCTIONAL EXPENSES $492,173,112
   
Payments to Affiliates $0
Excess (or Deficit) for the year $82,625,731
   
Net Assets $3,672,003,913

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 $161,022,777 38.4%
Acquisitions and Sales of Art $89,480,764 21.3%
Guardianship and Maintenance $74,962,221 17.9%

Ratings History
Metropolitan Museum of Art has received 7 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-06 05/01/2019 95.80 four stars
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

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
Compensation % of Expenses Paid to Title
$957,815 0.19% Daniel H. Weiss President, CEO
Other Salaries of Note
$2,690,207 0.54% Thomas P. Campbell Director
$1,236,865 0.25% Suzanne E. Brenner Former Chief Investment Officer, SVP
$1,142,025 0.23% Lauren A. Meserve Chief Investment Officer

Highly Rated

Charity Name & State Overall Score Overall Rating
Metropolitan Museum of Art (NY) 95.80 four stars
The Frick Pittsburgh (PA) 92.16 four stars
The Speed Art Museum (KY) 95.91 four stars
National Gallery of Art (DC) 88.54 three stars
Portland Museum of Art (ME) 87.89 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) 535-7710
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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