Charity Search / GRAND RAPIDS ART MUSEUM
Arts, Culture & Humanities (A510) 990 on File

GRAND RAPIDS ART MUSEUM

EIN: 38-1387136 · GRAND RAPIDS, MI 49503-2801 · United States · FY 2025 Data
3 out of 5 46 / 100 Based on 2+ years of filings
Financial strength (30%) 61/100
Reliability (20%) 55/100
Effectiveness (25%) 68/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 10/18/2026
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CharityAI™ Score
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Financial Overview — FY 2025
$5.0M
Total Revenue
$8.3M
Total Expenses
$57.6M
Net Assets
98
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 56.9%
Fundraising Efficiency 1004.8%
Operating Reserve 83.21x
Liability-to-Asset 0.8%
Revenue Diversification 77.3%
Executive Compensation $299K
Compared with Peers
FY 2025
Compared with 2,263 similar organizations (United States, Arts, Culture & Humanities, $1M–$10M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
56.9% 77.7%
P10P90
Bottom quarter
Admin expense ratio
Management and general / total expenses · lower is better
34.9% 14.2%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
8.2% 5.8%
P10P90
Below median
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
1004.8% 288.9%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
83.2 mo 15.8 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
0.8% 11.4%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
77.3% 71.6%
P10P90
Below median
Revenue growth
Year over year revenue growth
0.3% 7.5%
P10P90
Expense growth
Year over year expense growth
5.0% 5.6%
P10P90
Surplus margin
Surplus as a share of revenue
-65.4% 0.9%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $5.0M $8.3M $57.6M 56.9% 98
2024 $5.0M $7.9M $60.9M 54.9% 82
2023 $4.8M $7.9M $63.8M 55.8% 80
2022 $11.0M $7.3M $66.8M 53.9% 75
2021 $12.1M $6.2M N/A — 75
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Organization Details
EIN
38-1387136
State
MI
City
GRAND RAPIDS
ZIP
49503-2801
Classification
A510
Category
Arts, Culture & Humanities
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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