Tag Archives: Western Museums Association

A Mixed Prognosis for Regional Museum Associations

In the United States, museums are served by six regional museum associations that are associated (allied?) with the American Alliance of Museums (AAM):

While AAM is doing well with about $10 million in annual revenues and net assets of $2 million, the regional museum associations are much much smaller by comparison. Their annual revenues range from $70,000 to $600,000, which is 1-7% of AAM’s annual revenues (see Figure 1).

Figure 1. Chart of revenues for regional museum associations in the US, FY 2014-16.

That might be acceptable given these associations serve a few states rather than all 50, but a further analysis of their financial condition in fiscal years 2014-2016 suggests that their health is decidedly mixed: Continue reading