Grand Rapids Art Museum
Grand Rapids, Michigan
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Above Average
How This Organization Compares
Compared to 2 peers in Arts, Culture & Humanities with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $4,844,303↓56% | $7,892,423↑9% | $65,451,844↓5% | — |
| 2022 | $10,952,010↓10% | $7,266,158↑17% | $68,920,116↑8% | — |
| 2021 | $12,119,660↑309% | $6,233,946↓5% | $63,932,796↓6% | — |
| 2020 | $2,966,437↓30% | $6,577,380↓14% | $67,664,552↓5% | — |
| 2019 | $4,229,983↓56% | $7,647,234↑3% | $70,908,082↓5% | — |
| 2018 | $9,555,790↓14% | $7,410,221↑9% | $74,476,420↑3% | — |
| 2017 | $11,152,064↑124% | $6,814,539↓8% | $72,272,343↑7% | — |
| 2016 | $4,978,778 | $7,403,339↑7% | $67,694,189↓4% | — |
| 2015 | $4,984,849↓18% | $6,923,827↑5% | $70,230,664↓3% | — |
| 2014 | $6,059,657↑35% | $6,623,842↑9% | $72,308,884↓1% | — |
| 2013 | $4,487,163↑20% | $6,064,409↓1% | $72,803,124↓2% | — |
| 2012 | $3,737,964↓33% | $6,143,006↓23% | $74,333,505↓4% | — |
| 2011 | $5,597,709 | $7,979,077 | $77,197,302 | — |
Frequently Asked Questions
What does Grand Rapids Art Museum do?▼
Grand Rapids Art Museum is a arts, culture & humanities nonprofit organization based in Michigan. It is classified under NTEE code A510 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Grand Rapids Art Museum financially healthy?▼
Based on our 9-metric Financial Health Score model, Grand Rapids Art Museum has a score of 63/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Grand Rapids Art Museum generate?▼
Grand Rapids Art Museum reports $5.0M in annual revenue and holds $62.0M in total assets, based on IRS filings.
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