MUSEUM OF FINE ARTS
465 HUNTINGTON AVE, BOSTON, MA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $186,630,042 | $141,309,618 | $1,426,006,421 |
| FY2024 | $157,680,166 | $129,852,845 | $1,302,536,422 |
| FY2023 | $99,573,924 | $123,302,516 | $1,218,854,583 |
| FY2022 | $148,263,439 | $134,496,363 | $1,174,191,707 |
| FY2021 | $137,057,905 | $128,193,029 | $1,271,973,544 |
| FY2020 | $175,070,799 | $122,422,275 | $1,062,339,164 |
| FY2019 | $177,299,579 | $139,202,572 | $1,014,799,107 |
| FY2018 | $133,443,644 | $117,023,890 | $1,014,370,738 |
| FY2017 | $144,946,782 | $116,703,506 | $975,262,301 |
| FY2016 | $113,259,858 | $142,949,590 | $907,996,200 |
| FY2015 | $151,023,166 | $137,182,300 | $986,075,119 |
| FY2014 | $184,872,274 | $136,956,241 | $1,009,985,568 |
| FY2013 | $131,542,555 | $140,398,864 | $920,879,712 |
| FY2012 | $152,013,278 | $149,185,619 | $888,797,698 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $96,360,692 | 80% |
| Program service revenue | $24,681,066 | 20% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $82,809,887 | 59% |
| Management & general | $51,350,724 | 36% |
| Fundraising | $7,149,007 | 5% |
What the numbers show
- Contributions & grants made up 80% of total revenue in FY2025.
- Program services accounted for 59% of functional expenses, management & general 36%, and fundraising 5%.
- 59% of functional expenses went to program services in FY2025. That is higher than 4.7% of 43 Arts, Culture & Humanities organizations in MA.
- Net assets covered about 121.1 months of expenses at the end of the reporting year. That puts it in the 87th percentile among 1553 Arts, Culture & Humanities organizations in MA.
- Total revenue was higher than 99.9% of 1568 Arts, Culture & Humanities organizations in MA.
- Total revenue rose from $152,013,278 in FY2012 to $186,630,042 in FY2025, Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2013, FY2016, FY2023).
- Net assets grew from $888,797,698 to $1,426,006,421 between FY2012 and FY2025.
- Contributions and grants made up 35% of revenue in FY2012 and 52% in FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE MUSEUM OF FINE ARTS HOUSES AND PRESERVES PREEMINENT COLLECTIONS AND ASPIRES TO SERVE A WIDE VARIETY OF PEOPLE THROUGH DIRECT ENCOUNTERS WITH WORKS OF ART IN ORDER TO ENCOURAGE INQUIRY AND TO HEIGHTEN PUBLIC UNDERSTANDING AND APPRECIATION OF THE VISUAL WORLD.
IRS status
| Ruling year | 1965 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | A510 — Arts, Culture & Humanities |
| Donations | Donations are generally tax-deductible (public charity). |
Similar organizations
- WGBH EDUCATIONAL FOUNDATION — BRIGHTON, MA · $215,642,285
- BOSTON SYMPHONY ORCHESTRA INC — BOSTON, MA · $155,422,276
- HARVARD BUSINESS SCHOOL PUBLISHING CORPORATION — BRIGHTON, MA · $313,544,802
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.