The Metropolitan Museum Of Art
Metropolitan Museum of Art shows strong financial growth and asset accumulation with consistent revenue exceeding expenses.
EIN: 131624086 · New York, NY · NTEE: A510 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8B |
| Total Expenses | $420.2M |
| Program Spending | 80% |
| Net Assets | $5.0B |
| Transparency Score | 85/100 |
Is The Metropolitan Museum Of Art Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Metropolitan Museum Of Art directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Metropolitan Museum Of Art
The Metropolitan Museum Of Art (EIN: 131624086) is a nonprofit organization based in New York, NY, classified under NTEE code A510. The organization reported total revenue of $1.8B and total assets of $6.4B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Metropolitan Museum Of Art's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Metropolitan Museum Of Art is a major nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $761.5M |
| Total Expenses | $420.2M |
| Surplus / Deficit | +$341.3M |
| Total Assets | $5.6B |
| Total Liabilities | $617.1M |
| Net Assets | $5.0B |
| Operating Margin | 44.8% |
| Debt-to-Asset Ratio | 11.0% |
| Months of Reserves | 160.3 months |
Financial Health Grade: A
In 2023, The Metropolitan Museum Of Art reported a surplus of $341.3M with revenue exceeding expenses, holds 160.3 months of operating reserves (strong position), has a debt-to-asset ratio of 11.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Metropolitan Museum Of Art's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.5% | +0.4% | +4.5% |
| 2022 | +21.8% | +13.5% | -3.8% |
| 2021 | +29.4% | -12.4% | +23.3% |
| 2020 | -19.5% | -14.3% | +1.2% |
| 2019 | -10.4% | -0.2% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Metropolitan Museum Of Art with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 12%
- programs: 80%
- fundraising: 8%
According to IRS 990 filings, The Metropolitan Museum Of Art allocates its expenses as follows: admin: 12%, programs: 80%, fundraising: 8%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $341.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.0%.
Executive Compensation Analysis
The consistent reporting of 'Officer Comp=0%' across all available filings is unusual for an organization of this size and complexity, suggesting that executive compensation may be reported under different categories or not disclosed in this specific field, which could impact transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Metropolitan Museum Of Art's IRS 990 filings:
- Unclear executive compensation reporting ('Officer Comp=0%' across all filings for a large organization)
Strengths
The following positive indicators were identified for The Metropolitan Museum Of Art:
- Strong and consistent revenue growth, especially post-pandemic (e.g., $414M in 2020 to $761M in 2023).
- Significant asset accumulation, reaching over $5.6 billion in 2023, indicating long-term financial stability.
- Expenses consistently well below revenue, demonstrating efficient financial management (e.g., 2023 revenue $761M vs. expenses $420M).
- Healthy balance sheet with liabilities representing a manageable portion of total assets.
Frequently Asked Questions about The Metropolitan Museum Of Art
Is The Metropolitan Museum Of Art a legitimate charity?
Based on AI analysis of IRS 990 filings, The Metropolitan Museum Of Art (EIN: 131624086) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does The Metropolitan Museum Of Art spend its money?
The Metropolitan Museum Of Art directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Metropolitan Museum Of Art tax-deductible?
The Metropolitan Museum Of Art is registered as a tax-exempt nonprofit (EIN: 131624086). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Metropolitan Museum Of Art's spending goes to programs?
The Metropolitan Museum Of Art directs 80% to programs, 8% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Metropolitan Museum Of Art compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Metropolitan Museum Of Art is above average for NTEE category A510 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Metropolitan Museum Of Art located?
The Metropolitan Museum Of Art is headquartered in New York, New York and files with the IRS under EIN 131624086. It is classified under NTEE code A510.
How many years of IRS 990 filings does The Metropolitan Museum Of Art have?
The Metropolitan Museum Of Art has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.8B in total revenue.
How does The Met manage to report 'Officer Comp=0%' across all filings?
This consistent reporting is unusual for an organization of The Met's scale. It suggests that executive compensation might be categorized differently within their financial statements or not captured in the 'Officer Comp' field provided in this data. Further investigation into their full IRS Form 990 would be needed to understand how executive compensation is disclosed.
What is the primary driver of The Met's significant revenue increase from 2020 to 2023?
The substantial increase in revenue from $414 million in 2020 to $761 million in 2023 likely reflects a strong recovery from the COVID-19 pandemic's impact, including increased visitor attendance, renewed philanthropic support, and potentially strong investment returns on its endowment.
Is The Met's asset growth sustainable?
Yes, The Met's asset growth appears sustainable, driven by consistent revenue exceeding expenses. For example, in 2023, revenue was $761 million while expenses were $420 million, allowing for significant net assets to be retained and invested, contributing to long-term financial stability.
Filing History
IRS 990 filing history for The Metropolitan Museum Of Art showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Metropolitan Museum Of Art's revenue has grown by 62%, moving from $470.0M to $761.5M. Total assets increased by 68.9% over the same period, from $3.3B to $5.6B. Total functional expenses rose by 21.7%, from $345.4M to $420.2M. In its most recent filing year (2023), The Metropolitan Museum Of Art reported a surplus of $341.3M, with revenue exceeding expenses. The organization holds $617.1M in liabilities against $5.6B in assets (debt-to-asset ratio: 11.0%), resulting in net assets of $5.0B.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $761.5M | $420.2M | $5.6B | $617.1M | — | View 990 |
| 2022 | $653.5M | $418.8M | $5.4B | $655.4M | — | View 990 |
| 2021 | $536.5M | $369.0M | $5.6B | $748.6M | — | View 990 |
| 2020 | $414.7M | $421.2M | $4.5B | $852.9M | — | View 990 |
| 2019 | $515.1M | $491.3M | $4.5B | $742.0M | — | View 990 |
| 2018 | $574.8M | $492.2M | $4.4B | $692.3M | — | View 990 |
| 2017 | $573.8M | $429.8M | $4.2B | $749.1M | — | View 990 |
| 2016 | $425.0M | $465.9M | $3.8B | $792.9M | — | View 990 |
| 2015 | $473.7M | $421.0M | $4.0B | $719.1M | — | View 990 |
| 2014 | $660.9M | $499.8M | $3.7B | $452.1M | — | View 990 |
| 2013 | $631.6M | $462.6M | $3.5B | $468.4M | — | View 990 |
| 2012 | $418.7M | $386.2M | $3.2B | $489.8M | — | View 990 |
| 2011 | $470.0M | $345.4M | $3.3B | $418.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $761.5M, expenses of $420.2M, and assets of $5.6B (revenue +16.5% year-over-year).
- 2022: Revenue of $653.5M, expenses of $418.8M, and assets of $5.4B (revenue +21.8% year-over-year).
- 2021: Revenue of $536.5M, expenses of $369.0M, and assets of $5.6B (revenue +29.4% year-over-year).
- 2020: Revenue of $414.7M, expenses of $421.2M, and assets of $4.5B (revenue -19.5% year-over-year).
- 2019: Revenue of $515.1M, expenses of $491.3M, and assets of $4.5B (revenue -10.4% year-over-year).
- 2018: Revenue of $574.8M, expenses of $492.2M, and assets of $4.4B (revenue +0.2% year-over-year).
- 2017: Revenue of $573.8M, expenses of $429.8M, and assets of $4.2B (revenue +35.0% year-over-year).
- 2016: Revenue of $425.0M, expenses of $465.9M, and assets of $3.8B (revenue -10.3% year-over-year).
- 2015: Revenue of $473.7M, expenses of $421.0M, and assets of $4.0B (revenue -28.3% year-over-year).
- 2014: Revenue of $660.9M, expenses of $499.8M, and assets of $3.7B (revenue +4.7% year-over-year).
- 2013: Revenue of $631.6M, expenses of $462.6M, and assets of $3.5B (revenue +50.8% year-over-year).
- 2012: Revenue of $418.7M, expenses of $386.2M, and assets of $3.2B (revenue -10.9% year-over-year).
- 2011: Revenue of $470.0M, expenses of $345.4M, and assets of $3.3B.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Metropolitan Museum Of Art:
Data Sources and Methodology
This transparency report for The Metropolitan Museum Of Art is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.