Arts, Culture & Humanities
(A510)
IRS Verified
DX Registered
990 on File
WHITNEY MUSEUM OF AMERICAN ART
Financial strength (30%)
61/100
Reliability (20%)
55/100
Effectiveness (25%)
68/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The Whitney Museum of American Art seeks to be the defining museum of twentieth- and twenty-first-century American art. The Museum collects, exhibits, preserves, researches, and interprets art of the United States in the broadest global, historical, and interdisciplinary contexts. As the preeminent advocate for American art, we foster the work of living artists at critical moments in their careers. The Whitney educates a diverse public through direct interaction with artists, often before their work has achieved general acceptance.
Financial Overview — FY 2023
$100.9M
Total Revenue
$86.7M
Total Expenses
$847.0M
Net Assets
535
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
62.0%
Fundraising Efficiency
1669.2%
Operating Reserve
117.22x
Liability-to-Asset
12.9%
Revenue Diversification
60.1%
Executive Compensation
$3.8M
Compared with Peers
FY 2023
Compared with 655 similar organizations
(United States, Arts, Culture & Humanities, $10M–$100M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
62.0% | 79.6% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
33.7% | 13.1% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
4.3% | 6.0% |
P10P90
|
Above median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
1669.2% | 814.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
117.2 mo | 28.2 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
12.9% | 13.6% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
60.1% | 72.1% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-8.3% | -2.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
11.9% | 12.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
14.1% | 0.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $100.9M | $86.7M | $847.0M | 62.0% | 535 |
| 2022 | $110.1M | $77.5M | $796.4M | 63.6% | 482 |
| 2021 | $67.7M | $115.4M | N/A | — | 490 |
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