Overview
What is Philadelphia Museum Of Art?
The Philadelphia Museum of Art is a renowned cultural institution based in Philadelphia, Pennsylvania. Founded in 1876, it has amassed a leading art collection of over 250,000 works spanning 4,000 years. Highlights of the collection include significant holdings of Marcel Duchamp, Constantin Brancusi, Auguste Rodin, and Impressionist and Post-Impressionist paintings. The museum's campus includes its landmark main building, the Perelman Building, Rodin Museum, and historic houses in Fairmount Park. In 2021, the Core Project was completed, adding 90,000 square feet of new public space and 20,000 square feet of gallery space without expanding the building footprint. The museum's mission is to preserve, enhance, and broaden the reach of its collections and the visual arts to a diverse audience, fostering delight, illumination, and lifelong learning. In 2022, the museum published a book, Storied Stone: The South Indian Temple Hall, and launched the PMA Stories blog and Rodin Museum website. The museum continues to advance its initiatives in digital technology and diversity, equity, inclusion, and access.
Official website here: www.philamuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Philadelphia Museum of Art has earned a perfect score of 100% from Charity Navigator, reflecting exceptional accountability and financial health. This rating is derived entirely from a single beacon score, with a significant emphasis on the organization's financial practices and governance. The museum's majority independent board and robust oversight mechanisms contribute to its strong standing, showcasing a commitment to transparency and responsible management.
Strengths highlighted in the assessment include a comprehensive audit and oversight committee, adherence to conflict of interest and whistleblower policies, and a low ratio of liabilities to assets, indicating sound financial management. The organization consistently allocates a significant portion of its expenses (76.78%) directly to programs, which is a positive sign of its dedication to fulfilling its mission.
While the data reveals no notable limitations or issues, the museum's exemplary governance structure and financial practices stand out as a model for other nonprofits. Overall, the Philadelphia Museum of Art demonstrates a strong commitment to accountability, making it a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Philadelphia Museum Of Art legitimate?
Philadelphia Museum Of Art is a legitimate nonprofit organization registered as a 501(c)(3) entity. Philadelphia Museum Of Art submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,498,405
Professional Fundraising Fees: $176,134
Other Salaries and Wages: $20,793,445
For more financial information, click here
Official website here: www.philamuseum.org
What is the mission statement of Philadelphia Museum Of Art?
The Philadelphia Museum of Art collaborates with the city, region, and art museums worldwide to preserve and enhance its notable collections and the visual arts. By extending the reach of these treasures, the museum aims to educate and inspire a diverse and growing audience, bringing joy and enlightenment through a lifelong learning experience. In partnership with its global network, the institution continues its commitment to the visual arts, serving as a trusted source for art exploration and appreciation.
Official website here: www.philamuseum.org
Who is the CEO of Philadelphia Museum Of Art?
Sasha Suda is the Principal Officer of Philadelphia Museum Of Art. The CEO's salary of Philadelphia Museum Of Art is $355,510 and their total compensation is $795,822.
Official website here: www.philamuseum.org
What is the revenue of Philadelphia Museum Of Art?
Philadelphia Museum Of Art's revenue in 2022 was $87,709,075.
Official website here: www.philamuseum.org
Who are the executives of Philadelphia Museum Of Art and what are their salaries?
The average compensation at Philadelphia Museum Of Art during 2022 was $53,792. There are 433 employees and 246 volunteers at Philadelphia Museum Of Art.
Here are 76 key members and their salaries (Philadelphia Museum Of Art's CEO's salary is $355,510 and their total compensation is $795,822):
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Official website here: www.philamuseum.org
Where can I find the form 990 for Philadelphia Museum Of Art?
Philadelphia Museum Of Art's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.philamuseum.org
Learn more at the official website: www.philamuseum.org
Mission Statement of Philadelphia Museum Of Art
The Philadelphia Museum of Art is a cultural institution dedicated to the preservation and dissemination of visual arts. In collaboration with the city, the region, and international art museums, the Museum strives to protect, enrich, and elucidate its impressive collections for a growing and diverse audience. By serving as a source of enjoyment, enlightenment, and lifelong learning, the Philadelphia Museum of Art aims to extend the influence of visual arts to an increasingly varied demographic.
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Impact
October, 2024
The Philadelphia Museum of Art profoundly influences the cultural landscape of Philadelphia and beyond by preserving and enhancing one of the world's leading art collections, which encompasses over 250,000 works spanning 4,000 years. Its diverse collection features significant works by renowned artists such as Marcel Duchamp and Auguste Rodin, positioning the museum as a vital hub for art lovers and scholars alike.
The museum's architecture, including the iconic main building designed by Frank Gehry, and the completion of the Core Project, showcases its commitment to creating public spaces that foster community engagement and lifelong learning. This initiative has expanded gallery space for American art and modern works, allowing for a richer narrative of the contributions of Black, Indigenous, and Latin American artists to the American artistic landscape.
In the fiscal year 2022, the museum revitalized its offerings through dynamic exhibitions that attracted nearly 370,000 visitors, highlighting its role as a center for both education and inspiration. The success of exhibitions like "Jasper Johns: Mind/Mirror" underscores the impact the museum has on stimulating curiosity and discussion around contemporary and historic art.
The museum's commitment to diversity, equity, inclusion, and access (DEIA) represents a foundational priority as it continues to evolve with the community it serves. By conducting museum-wide equity audits and fostering collaborations like the Duchamp Research Portal, the Philadelphia Museum of Art extends its influence into the digital realm, making its collections more accessible to a global audience.
Ultimately, the Philadelphia Museum of Art stands as a beacon of cultural enrichment, drawing an increasingly diverse audience to experience, appreciate, and learn from the visual arts, solidifying its integral role in both the local and international artistic communities.
This information is meant to be a general summary of Philadelphia Museum Of Art. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $38,335,921
- Program Service Revenue: $5,818,808
- Gross Receipts: $210,474,613
Assets and Liabilities:
- Total Assets: $1,179,504,038
- Total Liabilities: $126,156,896
- Net Assets: $1,053,347,142
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Admissions
Revenue
$5,317,092
Publication distributi
Revenue
$282,213
Exhibition Revenues
Revenue
$134,164
Education programs
Revenue
$85,339
Organization Details
Founding Year
1876
Phone
(215) 763-8100Principal Officer
Sasha Suda
Main Address
PO Box 7646, Philadelphia, PA, 191017646
Website
www.philamuseum.orgNTEE Category
Code: A510 - Arts
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