Arts, Culture & Humanities
(A510)
IRS Verified
DX Registered
990 on File
DETROIT INSTITUTE OF ARTS
CharityAI™ Score
Not yet evaluated
Mission Statement
The Detroit Institute of Arts strives to be the town square of our community, a gathering place for everybody and create experiences that help each visitor find personal meaning with the art, individually, and with each other.
Financial Overview — FY 2023
$71.2M
Total Revenue
$57.6M
Total Expenses
$558.5M
Net Assets
542
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
71.2%
Fundraising Efficiency
1876.9%
Operating Reserve
116.29x
Liability-to-Asset
2.8%
Revenue Diversification
76.7%
Executive Compensation
$2.1M
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $71.2M | $57.6M | $558.5M | 71.2% | 542 |
| 2022 | $79.4M | $47.2M | $507.2M | 71.2% | 418 |
| 2021 | $58.4M | $42.4M | N/A | — | 432 |
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