Admission Fees Make Up Only A Small Part Of A Museum’s Budget. So Why Have Them?

“The study reports museums across the country have fairly diverse revenue streams, with endowment income (22%), combined college/university and federal, state and local government support (18%) and individual and family contributions (11%) accounting for over half of all revenue. Admissions revenue accounts for just 6% of revenue, on par with Individual & Family memberships, and just behind contributions from Foundations & Trusts (7%). Corporate contributions and memberships, benefit events, facility rentals, restaurants and catering and exhibition fees all make up between 1–4%, respectively.”

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