US art museums earned less than a third of income in 2013-14

Smithsonian American Art Museum, 2012, Amy Vaughters, Wikmedia Commons

A new attendance and finance survey of North American art museums shows that on average they earned only 27 percent of their income in 2013-14, a report in the LA Times confirms, with the remaining income made up from private donations, endowments and government funding.

The survey was carried out by the Association of Art Museum Directors and included information from 220 of its 236 member museums. Earned income included admission tickets, parking spaces, refreshments, gift shop merchandise and renting our museum facilities. The report also stated that in the same year the museums collectively acquired 86,010 new works for their collections.

12 January 2015