Overview

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Est.

1921

Fiscal Year Start

Aug 1

Organization Type

Grantseeker

AI Summary

The Phillips Collection, established as the oldest museum of modern and contemporary art in the U.S., operates with an annual budget of $17.3 million and generated total revenue of $13.7 million in 2024. The organization is primarily focused on art museums and is supported by a diverse range of funders, none of which contribute 50% or more of its revenue. More information can be found on their website at www.phillipscollection.org.

Mission Statement

THE PHILLIPS COLLECTION IS THE OLDEST MUSEUM OF MODERN AND CONTEMPORARY ART IN THE U.S.
Revenues
$13.7M
Expenses
$17.3M
Net Income:
-$3.7M
Assets
$128.9M
Liabilities
$7.3M
Net Assets:
+$121.6M
Operating Budget
$17.3M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
76
Median grant size
$10K
Largest grant received
$200K
C
Cheryl Nichols
Board Member
E
Earl Richards
Board Member
T
Todd Galaida
Board Member

Frequently Asked Questions

What is THE PHILLIPS COLLECTION’s budget?
In 2024, THE PHILLIPS COLLECTION reported an annual operating budget of around $17.3 million. More detailed financial information is available to registered users.
What causes does THE PHILLIPS COLLECTION support?
THE PHILLIPS COLLECTION supports work in Art museums.
Where does THE PHILLIPS COLLECTION operate?
THE PHILLIPS COLLECTION is headquartered in Washington, DC.
Who funded THE PHILLIPS COLLECTION recently?
In 2025, THE PHILLIPS COLLECTION received grants from KARL O & HELEN W KNATHS TRUST, GREATER WASHINGTON COMMUNITY FOUNDATION, and TR UA HELEN KNATHS. More information on this organization’s funders is available to registered users.
What is the largest grant THE PHILLIPS COLLECTION received in 2024?
The largest grant to THE PHILLIPS COLLECTION in 2024 exceeds $200 thousand.
What is THE PHILLIPS COLLECTION’s reliance on government grants?
THE PHILLIPS COLLECTION relied on government grants for less than 5% of their total revenue in 2024.