Toledo Museum of Art
PO Box 1013, Toledo, OH · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $37,991,971 | $37,200,095 | $420,453,286 |
| FY2024 | $26,811,697 | $45,545,663 | $390,489,328 |
| FY2023 | $72,028,653 | $29,578,022 | $371,048,812 |
| FY2022 | $28,971,557 | $28,692,282 | $297,777,265 |
| FY2021 | $18,709,059 | $19,323,092 | $355,429,760 |
| FY2020 | $17,532,700 | $23,156,439 | $283,735,380 |
| FY2019 | $26,475,038 | $21,775,558 | $294,405,215 |
| FY2018 | $31,643,464 | $21,891,810 | $293,447,778 |
| FY2017 | $28,419,548 | $22,037,662 | $281,741,789 |
| FY2016 | $19,318,000 | $22,982,483 | $255,903,110 |
| FY2015 | $29,367,030 | $22,281,745 | $271,609,761 |
| FY2014 | $34,621,886 | $21,498,030 | $279,154,811 |
| FY2013 | $20,923,346 | $23,991,526 | $239,251,333 |
| FY2012 | $16,601,125 | $31,190,675 | $227,483,320 |
Form 990 filings
The returns filed by Toledo Museum of Art (EIN 34-4434678), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $25,033,316 | 66% |
| Program service revenue | $5,010,131 | 13% |
| Other revenue | $7,948,524 | 21% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $29,631,188 | 80% |
| Management & general | $4,977,184 | 13% |
| Fundraising | $2,591,723 | 7% |
What the numbers show
- Contributions & grants made up 66% of total revenue in FY2025.
- Program services accounted for 80% of functional expenses, management & general 13%, and fundraising 7%.
- 80% of functional expenses went to program services in FY2025. That is higher than 63.2% of 38 Arts, Culture & Humanities organizations in OH.
- Net assets covered about 135.6 months of expenses at the end of the reporting year. That puts it in the 86th percentile among 1174 Arts, Culture & Humanities organizations in OH.
- Total revenue was higher than 99.2% of 1192 Arts, Culture & Humanities organizations in OH.
- Total revenue rose from $16,601,125 in FY2012 to $37,991,971 in FY2025. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 14 reported years (FY2012, FY2013, FY2016, FY2020, FY2021, FY2024).
- The highest revenue on record here is $72,028,653 in FY2023.
- Net assets grew from $227,483,320 to $420,453,286 between FY2012 and FY2025.
- Contributions and grants made up 54% of revenue in FY2012 and 66% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (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
THROUGH OUR COLLECTION AND PROGRAMS, WE STRIVE TO INTEGRATE ART INTO THE LIVES OF PEOPLE. THE MUSEUM SEEKS TO BECOME THE MODEL ART MUSEUM IN THE UNITED STATES FOR ITS COMMITMENT TO QUALITY AND ITS CULTURE OF BELONGING.
IRS status
| Ruling year | 1934 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | A510 — Arts, Culture & Humanities (in OH) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 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.
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