Arts, Culture & Humanities
(A510)
IRS Verified
DX Registered
990 on File
CLEVELAND MUSEUM OF ART
Financial strength (30%)
96/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
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CharityAI™ Score
Not yet evaluated
Mission Statement
OUR MISSION The Cleveland Museum of Art creates transformative experiences through art, “for the benefit of all the people forever.”1 OUR VISION To be a global leader among museums. OUR PROMISE The Cleveland Museum of Art offers dynamic experiences that illuminate the power and enduring relevance of art in today’s global society. The museum builds, preserves, studies, and shares its outstanding collections of art from all periods and parts of the world, generating new scholarship and understanding, while serving as a social and intellectual hub for its community. 1. J. H. Wade II, act of conveyance of land to be used for the CMA
Financial Overview — FY 2023
$102.9M
Total Revenue
$68.7M
Total Expenses
$1143.4M
Net Assets
577
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
78.9%
Fundraising Efficiency
N/A
Operating Reserve
199.81x
Liability-to-Asset
8.4%
Revenue Diversification
52.3%
Executive Compensation
$2.5M
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
|
78.9% | 79.6% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
14.3% | 13.1% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
6.8% | 6.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
199.8 mo | 28.2 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
8.4% | 13.6% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
52.3% | 72.1% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
38.5% | -2.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
0.9% | 12.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
33.3% | 0.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $102.9M | $68.7M | $1143.4M | 78.9% | 577 |
| 2022 | $74.3M | $68.0M | $1064.8M | 79.9% | 401 |
| 2021 | $90.0M | $62.4M | N/A | — | 501 |
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