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Annual Report and IRS Form 990 Metropolitan Museum of Art
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Related searches to Annual Report And IRS Form 990 Metropolitan Museum Of Art
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People also ask
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How much money is the Met museum worth?
As of June 30, 2023, the Met reports total assets of $5.6 billion and around $0.6 billion in liabilities. The largest asset on the balance sheet is around $4.9 billion in investments, representing fixed income investments and equity securities, carried at market value.
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How much does the Metropolitan Museum of Art make a year?
The Metropolitan Museum of Art's revenue is $213.7 million. The Metropolitan Museum of Art's annual revenue is $213.7M.
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What is the annual revenue of the Metropolitan Museum of Art?
The Museum ended the year with a reduced deficit — $3.9 million in fiscal year 2023, compared with $5.6 million in fiscal year 2022. Unrestricted revenue (including auxiliary activities) increased this fiscal year, totaling $136.2 million, compared to $119.6 million in fiscal year 2022 — a $16.6 million (14%) increase.
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Where can I find a Form 990 for an organization?
The 990 is a public document that you can search for on the websites for the Secretary of State or the Attorney General where the organization is incorporated. In addition, 990s are available from a variety of open source and subscription sources. You may also request them from an organization or from the IRS.
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Is the Metropolitan Museum of Art a non-profit?
A private corporation of just under a thousand benefactors owns the nonprofit, which has an endowment of over $2 billion and raises more than a hundred million dollars every year in fresh donations. The admission fees of 5 million annual visitors cover more than a seventh of the operations budget.
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What is the annual revenue of the MoMA?
The operating revenue of the Museum of Modern Art (MoMA) in New York increased in 2023 compared to the previous financial year. In the fiscal year ending June 30, 2023, the organization's revenue amounted to roughly 237 million U.S. dollars, rising from around 228 million U.S. dollars in 2022.
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Is Metropolitan Museum of Art membership tax deductible?
A portion of each Membership contribution is tax deductible. Please see here for information about the tax-deductible portion of each level. A copy of your tax acknowledgment letter is mailed after joining or renewing. If you require a replacement, please email membership@metmuseum.org.
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Does the Met make money?
Unrestricted revenue (including auxiliary activities) totaled $119.6 million in fiscal year 2022, compared to $58.3 million in the prior year, marking a $61.4 million (105%) increase over fiscal year 2021.
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