NELSON GALLERY FOUNDATION
Mission Statement
The Nelson-Atkins Museum of Art invites all people to explore the art in its care, and through its broad collection, the depths and complexities of human experiences. We welcome and provide free access to everyone to enjoy and contemplate artistic creations from 5,000 years ago to present day. We believe that art has the ability to uplift, surprise, challenge, and transform. It gives expression not only to distant cultures and times, but also to immediate voices and issues, and provides avenues for exploring the world, past and present, and for informing our future. We nurture the people who are dedicated to the museum’s success and who care for the collection and campus, and we support and learn from our audiences and our communities. Through this, we create ambassadors for a better society. With art as our focus, the Nelson-Atkins strives to create a sense of belonging for all people.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
70.5% | 79.1% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
18.3% | 13.3% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
11.2% | 6.4% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
2321.6% | 763.3% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
118.1 mo | 30.8 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
17.9% | 14.0% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
46.0% | 65.5% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
53.4% | 8.7% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
4.1% | 4.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
8.2% | 5.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $55.6M | $51.0M | $502.0M | 70.5% | 508 |
| 2024 | $36.2M | $49.0M | $475.5M | 71.1% | 470 |
| 2023 | $10.4M | $41.7M | $462.5M | 73.8% | 488 |
| 2022 | $25.7M | $35.6M | $476.0M | 73.6% | 453 |
| 2021 | $18.1M | $35.7M | N/A | — | 462 |
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