Phillips Collection
1600 21st St NW, Washington, DC · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $26,569,664 | $17,368,949 | $125,438,989 |
| FY2024 | $13,695,996 | $17,349,802 | $121,614,445 |
| FY2023 | $21,268,355 | $16,615,354 | $120,494,011 |
| FY2022 | $15,615,081 | $16,089,293 | $113,340,096 |
| FY2021 | $17,753,788 | $13,060,797 | $120,308,525 |
| FY2020 | $10,501,207 | $13,934,451 | $100,805,435 |
| FY2019 | $21,813,601 | $14,555,535 | $102,745,038 |
| FY2018 | $13,932,391 | $13,801,859 | $96,608,958 |
| FY2017 | $16,588,833 | $13,559,889 | $94,246,322 |
| FY2016 | $24,514,047 | $13,830,568 | $86,737,019 |
| FY2015 | $18,082,990 | $13,081,054 | $78,636,392 |
| FY2014 | $15,089,317 | $13,177,359 | $76,192,770 |
| FY2013 | $9,810,914 | $12,710,548 | $71,831,923 |
| FY2012 | $9,010,752 | $13,409,176 | $69,645,964 |
Form 990 filings
The returns filed by Phillips Collection (EIN 53-0204620), 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 | $10,020,447 | 38% |
| Program service revenue | $1,472,937 | 6% |
| Other revenue | $15,076,280 | 57% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $12,877,119 | 74% |
| Management & general | $2,495,482 | 14% |
| Fundraising | $1,996,348 | 11% |
What the numbers show
- Other revenue made up 57% of total revenue in FY2025.
- Program services accounted for 74% of functional expenses, management & general 14%, and fundraising 11%.
- 74% of functional expenses went to program services in FY2025. That is higher than 32.3% of 31 Arts, Culture & Humanities organizations in DC.
- Net assets covered about 86.7 months of expenses at the end of the reporting year. That puts it in the 88th percentile among 401 Arts, Culture & Humanities organizations in DC.
- Total revenue was higher than 96.6% of 412 Arts, Culture & Humanities organizations in DC.
- Total revenue rose from $9,010,752 in FY2012 to $26,569,664 in FY2025. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 5 of 14 reported years (FY2012, FY2013, FY2020, FY2022, FY2024).
- Net assets grew from $69,645,964 to $125,438,989 between FY2012 and FY2025.
- Contributions and grants made up 50% of revenue in FY2012 and 38% 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
THE PHILLIPS COLLECTION IS THE OLDEST MUSEUM OF MODERN AND CONTEMPORARY ART IN THE U.S.
IRS status
| Ruling year | 1963 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | A510 — Arts, Culture & Humanities (in DC) |
| 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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