Arts, Culture & Humanities
(A510)
IRS Verified
DX Registered
990 on File
MUSEUM OF FINE ARTS OF ST PETERSBURG FLA INC
Financial strength (30%)
82/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
MISSION STATEMENT Our mission is to engage, educate and excite the community by collecting, exhibiting, and preserving works of art for the enjoyment of all. VISION STATEMENT The Museum of Fine Arts, St. Petersburg, Florida is the cultural leader of our community. Our comprehensive collection, exhibitions, and programs celebrate art and engage the diverse cultures and communities we serve. VALUES We value: Excellence and integrity in the Museum’s stewardship Artistic creativity and cultural diversity Education and engagement Commitment and support of our community Accessibility and inclusiveness Best practices as an organization
Financial Overview — FY 2024
$2.3M
Total Revenue
$6.3M
Total Expenses
$41.2M
Net Assets
50
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
76.4%
Fundraising Efficiency
N/A
Operating Reserve
78.71x
Liability-to-Asset
3.0%
Revenue Diversification
41.0%
Executive Compensation
$384K
Compared with Peers
FY 2024
Compared with 3,450 similar organizations
(United States, Arts, Culture & Humanities, $1M–$10M 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
|
76.4% | 77.9% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
16.1% | 14.4% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
7.6% | 5.4% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
78.7 mo | 16.5 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
3.0% | 10.6% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
41.0% | 74.5% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-37.3% | 7.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-14.7% | 8.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-174.6% | -0.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $2.3M | $6.3M | $41.2M | 76.4% | 50 |
| 2023 | $3.6M | $7.4M | $40.7M | 71.4% | 51 |
| 2022 | $6.3M | $6.9M | $42.2M | 72.2% | 57 |
| 2021 | $4.0M | $5.1M | N/A | — | 65 |
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