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Arts, Culture, Humanities : Museums

Metropolitan Museum of Art

5,000 years of art

92.10

1000 Fifth Avenue New York, NY 10028
tel: (212) 535-7710   Web Site
EIN: 13-1624086

Board Leadership
Candace Beinecke and Hamilton e. James
Co Chairs

CEO
Daniel H. Weiss
Chief Executive Officer

  Score
(out of 100)
Rating
Overall Score & Rating 92.10
  Financial 89.24
  Accountability & Transparency 97.00
This rating was published 09/01/2021 and includes data from FY2020, 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

89.24

Accountability & Transparency

97.00

This rating was published 09/01/2021 and includes data from FY2020, 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)
83.7%
  Administrative Expenses 12.8%
  Fundraising Expenses 3.4%
  Fundraising Efficiency $0.05
  Working Capital Ratio (years) 2.88
  Program Expenses Growth -1.3%
  Liabilities to Assets 18.8%
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) 92.10
Dallas Museum of Art (TX) 94.11
Vero Beach Museum of Art (FL) 86.05
Chinati Foundation (TX) 85.08
Cincinnati Art Museum (OH) 96.66

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $201,824,440
   Federated Campaigns $0
   Membership Dues $22,881,625
   Fundraising Events $9,774,807
   Related Organizations $0
   Government Grants $10,560,621
Total Contributions $245,041,493
   Program Service Revenue $5,071,378
Total Primary Revenue $250,112,871
   Other Revenue $164,555,739
TOTAL REVENUE $414,668,610
   
EXPENSES  
   Program Expenses $334,572,806
   Administrative Expenses $67,915,226
   Fundraising Expenses $18,721,887
TOTAL FUNCTIONAL EXPENSES $421,209,919
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-6,541,309
   
Net Assets $3,678,005,490

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 $234,635,221 70.1%
Acquisitions and Sales of Art $29,823,709 8.9%
Education $26,821,141 8.0%

Ratings History
Metropolitan Museum of Art has received 9 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2020-06 09/01/2021 92.10
2019-06 07/01/2021 93.84
2019-06 12/01/2020 93.56
2018-06 05/01/2019 95.80
2017-06 05/01/2018 91.73
2016-06 10/01/2017 92.42
2015-06 10/01/2016 92.31
2014-06 06/01/2016 97.23
 
CN 2.0
2014-06 08/01/2015 97.69
2014-06 05/01/2015 94.96
2013-06 11/01/2014 97.69
2012-06 04/01/2014 94.96
2012-06 08/01/2013 90.05
2011-06 06/01/2012 84.93
2010-06 09/20/2011 88.01
 
CN 1.0
2009-06 11/24/2010 90.56
2008-06 10/01/2009 88.43
2007-06 04/01/2009 93.21
2006-06 12/15/2007 92.63
2005-06 09/01/2007 99.14

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
$1,308,182 0.31% Daniel H. Weiss President, CEO
Other Salaries of Note
$1,329,582 0.31% Lauren A. Meserve Chief Investment Officer

Highly Rated

Charity Name & State Overall Score Overall Rating
Metropolitan Museum of Art (NY) 92.10
Chinati Foundation (TX) 85.08
Worcester Art Museum (MA) 86.77
Saginaw Art Museum (MI) 88.81
Vero Beach Museum of Art (FL) 86.05

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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

Candace Beinecke and Hamilton e. James
Co Chairs

CEO

Daniel H. Weiss
Chief Executive Officer

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