Charity Search / PHILLIP AND PATRICIA FROST MUSEUM OF SCIENCE INC
Arts, Culture & Humanities (A570) IRS Verified DX Registered 990 on File

PHILLIP AND PATRICIA FROST MUSEUM OF SCIENCE INC

EIN: 59-0854960 · MIAMI, FL 33132-1758 · United States · FY 2024 Data
3 out of 5 57 / 100 Based on 2+ years of filings
Financial strength (30%) 68/100
Reliability (20%) 55/100
Effectiveness (25%) 100/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Mission Statement

It is the mission of the Patricia and Phillip Frost Museum of Science to inspire people of all ages and cultures to enjoy science and technology, in order to better understand ourselves and our world.

Financial Overview — FY 2024
$22.8M
Total Revenue
$32.9M
Total Expenses
$191.3M
Net Assets
295
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 82.8%
Fundraising Efficiency 93.4%
Operating Reserve 69.74x
Liability-to-Asset 2.7%
Revenue Diversification 80.6%
Executive Compensation $1.3M
Compared with Peers
FY 2024
Compared with 433 similar organizations (United States, Arts, Culture & Humanities, $10M–$100M in expenses), FY 2024.
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
82.8% 79.7%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
13.6% 13.2%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
3.6% 5.9%
P10P90
Above median
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
93.4% 812.3%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
69.7 mo 29.3 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
2.7% 12.3%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
80.6% 67.9%
P10P90
Below median
Revenue growth
Year over year revenue growth
-19.7% 7.9%
P10P90
Expense growth
Year over year expense growth
-6.5% 7.2%
P10P90
Surplus margin
Surplus as a share of revenue
-44.5% 2.0%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $22.8M $32.9M $191.3M 82.8% 295
2023 $28.4M $35.2M $201.4M 82.7% 321
2022 $21.6M $29.2M $208.3M 83.1% 236
2021 $21.7M $27.0M N/A — 189
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Organization Details
EIN
59-0854960
State
FL
City
MIAMI
ZIP
33132-1758
Classification
A570
Category
Arts, Culture & Humanities
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1949
Foundation Code
16
Form 990
On File
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