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Massachusetts · Nonprofit

WORCESTER ART MUSEUM

WORCESTER ART MUSEUM (Massachusetts) receives grants from 108 organizations whose IRS filings report $59,981,368 to it, the largest being FIDELITY NON-PROFIT MANAGEMENT FOUNDATION ($22,000,000). 75 of them have funded it in more than one year.

Revenue FY2025
$22M
Funders on record
108
Grants received
$60M
Net assets
$195M
75/108 repeat funderspeak grant-dependency 86%
01What it does

What Worcester Art Museum does

Mission

To connect people, communities, and cultures through experience of art. Collect the most significant works of art available in an effort to shape the quality/scope of the permanent collection while adhering to the institution's acquisitions & deaccessions policies.care for/preserve collections & works on loan by maintaining a responsible collections management policy & an active in-house conservation program. Exhibit the permanent collection,organize/lend to special exhibitions & bring traveling exhibitions to the public. Interpret the collections & works on loan for a broad public through research,publications & related educational programs.maintain an art library & an educational program that promotes an understanding of art & an active participation in the making of art. Maintain fiscally responsible actions & public accountability for ongoing operations & preservation/growth of the museum & its collections.

As stated on its FY2025 Form 990.

Programs

  1. Curatorial conservation & library - collect and display works of art to the general public and to provide a library for research and information.

    $9,263,934 spentof which $111,319 as grants$1,409,689 earned by the program
    74% of program spending
  2. Education - educational program for various groups to enhance the appreciation and knowledge of the general public in all areas of art.

    $1,276,193 spent$387,645 earned by the program
    10% of program spending
  3. Publication program - publication of various books and catalogs on the collections of the museum.

    $1,909,700 spent
    15% of program spending

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $12,449,827.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($12M) Expenses 100 ($11M) Net assets 100 ($114M)2018 Revenue 78 ($9.7M) Expenses 111 ($12M) Net assets 100 ($115M)2019 Revenue 97 ($12M) Expenses 108 ($12M) Net assets 101 ($115M)2020 Revenue 114 ($14M) Expenses 102 ($11M) Net assets 109 ($124M)2021 Revenue 101 ($13M) Expenses 100 ($11M) Net assets 130 ($148M)2022 Revenue 241 ($30M) Expenses 111 ($12M) Net assets 128 ($146M)2023 Revenue 123 ($15M) Expenses 119 ($13M) Net assets 136 ($156M)2024 Revenue 321 ($40M) Expenses 134 ($14M) Net assets 156 ($178M)2025 Revenue 179 ($22M) Expenses 153 ($16M) Net assets 170 ($195M)
'17'18'19'20'21'22'23'24'25
Revenue (179)Expenses (153)Net assets (170)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $126M to $150M (+19%).

$118M
$118M
$118M
$126M
$150M
$149M
$158M
$181M
$198M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 0% · 2018 1% · 2019 0% · 2020 8% · 2021 4% · 2022 3% · 2023 17% · 2024 1% · 2025 2%. Grants only. Government contracts and fees sit inside program revenue.

78% of WORCESTER ART MUSEUM’s revenue is contributions — more donation-reliant than the typical peer (58% for the typical peer).

This organization
Typical peer · 812 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.

$1.7M
’17
−$2.2M
’18
$499k
’19
$3.3M
’20
$1.8M
’21
$18M
’22
$2.5M
’23
$26M
’24
$5.9M
’25
5.1
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Matthias Waschek

Executive director

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed282726242926272725
Joined·+6+3+6+7+3+4+5+3
No longer listed·74826355
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 26 funders to 52 funders, grant income rose $1.4M → $13M.

14 of 108 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 11% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of WORCESTER ART MUSEUM’s funders (the co-funder graph). Top 30 of 108 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

WORCESTER ART MUSEUM leans on a few funders — its largest provides 37% of grant income and the top three 64%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

48% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund WORCESTER ART MUSEUM.

37%
largest funder
64%
top three
~5
effective funders

Largest funder’s share by year: 2017 74% · 2018 63% · 2019 47% · 2020 38% · 2021 35% · 2022 59% · 2023 61% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

57% of WORCESTER ART MUSEUM's funders are still giving 3 years after their first grant; 69% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

76% of WORCESTER ART MUSEUM's grant income comes from Massachusetts funders.

ME
MN
IL
MI
NY
MA
OH
PA
NJ
MD
NC
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Massachusetts out of state home

Funder states come from each funder’s own filing. $6.6M arriving through sponsors registered in 9 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

WORCESTER ART MUSEUM runs a healthier operating margin than half of the 550 arts & culture nonprofits its size.

Operating margin26% · above the median
Months of reserve5.1mo · above the median
Revenue growth (annualized)8% · above the median

this organization peer median middle 50% of peers· 550 arts & culture nonprofits $10M–$100M, FY2025

Government funding WORCESTER ART MUSEUM receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $2.4M on record — $1.7M federal, $670k state.

Federal$1.7M
grants $1.7Mcontracts $0
17
18
20
21
22
23
24
25
Top agencies
  • Institute of Museum and Library Services$997k
  • National Endowment for the Humanities$440k
  • National Endowment for the Arts$250k
State$670k
17
18
19
20
21
22
23
24
25
Top programs
  • (PP) STATE AID/POL SUB$669k
  • (JJ) OPERATIONAL SERVICES$650

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like WORCESTER ART MUSEUM

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Massachusetts

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

76% of spending goes to programs.

Program 76%Management 17%Fundraising 7%

Governance

22
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Public support

54%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MA

Screen this organization

A dated, signed PDF of the compliance screen for WORCESTER ART MUSEUM: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds WORCESTER ART MUSEUM?
WORCESTER ART MUSEUM (Massachusetts) receives grants from 108 organizations whose IRS filings report $59,981,368 to it, the largest being FIDELITY NON-PROFIT MANAGEMENT FOUNDATION ($22,000,000). 75 of them have funded it in more than one year.
How many funders does WORCESTER ART MUSEUM have?
IRS filings report 108 organizations giving $59,981,368 in grants to WORCESTER ART MUSEUM, 75 of which have funded it in more than one year.
Who is the largest funder of WORCESTER ART MUSEUM?
FIDELITY NON-PROFIT MANAGEMENT FOUNDATION is the largest funder on record, with $22,000,000 in grants. The full list of funders is on this page.
How can an organization like WORCESTER ART MUSEUM find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Worcester Art Museum →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 108 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing