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Arts, Culture, Humanities : Museums

Los Angeles County Museum of Art

Collecting, conserving, exhibiting, and interpreting significant works of art

four stars

90.69

5905 Wilshire Boulevard Los Angeles, CA 90036
tel: (323) 857-6151   Web Site
EIN: 95-2264067

Board Leadership
Elaine P. Wynn and Tony P. Ressler
Co-Chairs

CEO
Michael Govan
Director, CEO

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 90.69 four stars
  Financial 87.47 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 10/01/2018 and includes data from FY2017, the most recent 990 received at that time.

Los Angeles County Museum of Art (LACMA) was established in 1910 as part of the Los Angeles Museum of History, Science, and Art. LACMA's collections encompass the geographic world and virtually the entire history of art. Among the museum's special strengths are its holdings of Asian art, Latin American art, and Islamic art, of which LACMA hosts one of the most significant collections in the world. LACMA's mission is to serve the public through the collection, conservation, exhibition, and interpretation of significant works of art from a broad range of cultures and historical periods, and through the translation of these collections into meaningful educational, aesthetic, intellectual, and cultural experiences for the widest array of audiences.

Los Angeles County Museum of Art (LACMA) was established in 1910 as part of the Los Angeles Museum of History, Science, and Art. LACMA's collections encompass the geographic world and virtually the entire history of art. Among the museum's special strengths are its holdings of Asian art, Latin American art, and Islamic art, of which LACMA hosts one of the most significant collections in the world. LACMA's mission is to serve the public through the collection, conservation, exhibition, and interpretation of significant works of art from a broad range of cultures and historical periods, and through the translation of these collections into meaningful educational, aesthetic, intellectual, and cultural experiences for the widest array of audiences.

Financial

three stars

87.47

Accountability & Transparency

four stars

96.00

This rating was published 10/01/2018 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)
85.9%
  Administrative Expenses 9.1%
  Fundraising Expenses 4.9%
  Fundraising Efficiency $0.10
  Working Capital Ratio (years) 1.91
  Program Expenses Growth 9.0%
  Liabilities to Assets 64.8%
All data for Financial Performance Metrics calculations was provided by Los Angeles County Museum of Art on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Los Angeles County Museum of Art on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Los Angeles County Museum of Art (CA) 90.69 four stars
Portland Art Museum (OR) 89.68 three stars
Cincinnati Art Museum (OH) 94.04 four stars
Yellowstone Art Museum (MT) 91.53 four stars
San Diego Museum of Art (CA) 90.46 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $66,030,836
   Federated Campaigns $0
   Membership Dues $7,667,087
   Fundraising Events $2,288,368
   Related Organizations $0
   Government Grants $366,167
Total Contributions $76,352,458
   Program Service Revenue $39,839,778
Total Primary Revenue $116,192,236
   Other Revenue $13,414,287
TOTAL REVENUE $129,606,523
   
EXPENSES  
   Program Expenses $119,375,200
   Administrative Expenses $10,856,967
   Fundraising Expenses $5,733,880
TOTAL FUNCTIONAL EXPENSES $135,966,047
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-6,359,524
   
Net Assets $250,840,810

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
Facility Enhancement $38,769,978 32.5%
Exhibition, Curatorial, Conservation & Art $34,490,553 28.9%
Art Acquisition $28,118,628 23.5%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-06 10/01/2018 90.69 four stars
2016-06 12/01/2017 84.64 three stars
2015-06 10/01/2016 87.35 three stars
2014-06 06/01/2016 86.78 three stars
 
CN 2.0
2014-06 12/01/2015 90.99 four stars
2013-06 12/22/2014 91.97 four stars
2012-06 11/01/2013 96.30 four stars
2011-06 08/01/2012 93.29 four stars
2010-06 09/20/2011 95.29 four stars
 
CN 1.0
2009-06 11/24/2010 91.98 four stars
2008-06 02/01/2010 98.94 four stars
2007-06 05/01/2009 98.84 four stars
2006-06 05/01/2008 98.54 four stars
2005-06 07/01/2006 88.25 three stars
2004-06 10/01/2005 88.10 three stars
2003-06 06/01/2004 73.01 two stars
2002-06 08/01/2003 92.38 four stars
2001-06 10/15/2002 83.47 three stars
2000-06 04/15/2002 89.06 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 95-2264067
Name in IRS Master File MUSEUM ASSOCIATES
NTEE Code A51
NTEE Classification Art Museums
NTEE Type Arts, Culture and Humanities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (60) Museum, zoo, planetarium, etc.
(91) Art exhibit
(123) Discussion groups, forums, panels lectures, etc.
Foundation Status Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes.  509(a)(2)
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 September, 1944
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 Compensation from Affiliates
$1,132,122 0.83% Michael Govan Director, CEO $188,113

Highly Rated

Charity Name & State Overall Score Overall Rating
Los Angeles County Museum of Art (CA) 90.69 four stars
The Barnes Foundation (PA) 92.70 four stars
Grand Rapids Art Museum (MI) 85.88 three stars
Hammer Museum (CA) 96.23 four stars
The Baltimore Museum of Art (MD) 89.48 three stars

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Charity Contact Info

Los Angeles County Museum of Art
5905 Wilshire Boulevard
Los Angeles, CA 90036
tel: (323) 857-6151
TTY: (323) 857-0098
EIN: 95-2264067

Visit Web Site

Board Leadership

Elaine P. Wynn and Tony P. Ressler
Co-Chairs

CEO

Michael Govan
Director, CEO

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