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CHARITY REVIEW
Issued: March 2026 Expires: March 2028

Akron Art Museum

Accredited Charity
Accredited Charity

Meets Standards
(330) 376-9186
1 S High St
Akron, OH, 44308
https://akronartmuseum.org/
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Akron Art Museum meets the 20 Standards for Charity Accountability.

Stated Purpose:
The Akron Art Museum invites all people to enrich their lives through modern and contemporary art.

Year, State Incorporated:
1922, OH

Also Known As:
AKRON ART INSTITUTE

We believe in the value of art and artists.
The Museum builds, studies, and shares our outstanding modern and contemporary collection of regional, national, and international art. We celebrate and collect emerging and established artists, invest in art that honors diversity and creativity, and preserve world-class art and architecture for future generations.
We believe in the power of museums to inspire and educate.
The Museum provides access to varied experiences that educate, inspire, and engage. Visitors are invited to learn, play, and grow while connecting with themselves and others. Experiences with art and artists are designed to explore the creative process and offer insight into how artists reflect human experience and culture across time and geography.
We believe in working with and for our community.
The Museum exists to serve the community and does so by building strong relationships through collaborative partnerships, constructive dialogue, and diverse representation.
We believe in fostering a culture of respect.
The Museum respects and values our stakeholders throughout all of our interactions. Welcoming others with a sense of belonging and valuing their contributions is of utmost importance.
We believe in accountability and continuous growth.
We strive for progress by living our values honestly and transparently as well as focusing on continuous growth through experience, collaboration, and introspection.

For the year ended June 30, 2024, Akron Art Museum's program expenses were:

Program Services Expenses $3,898,183
Total Program Expenses $3,898,183

Chief Executive
Jon Fiume, CEO

Board Size
21

Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Grant proposals, Internet, Membership appeals

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Akron Art Museum's IRS Form 990 for the year ended June 30, 2024.

Source of Funds
Contributions, gifts, grants and similar amounts $4,305,216
Investment Income $1,445,488
Gross amount from sales of assets other than inventory $723,405
Program Services Revenue $412,894
Net rental income $98,406
Net income from fundraising events $69,795
Net income from sales of inventory $62,536
Miscelllaneous $33,307
Total Income $7,151,047

Programs: 70% Fundraising: 10% Administrative: 21%

Total Income $7,151,047
Total expenses: $5,593,443
  Program expenses $3,898,183
  Fundraising expenses $534,702
  Administrative expenses $1,160,558
  Other expenses $0
Income in Excess of Expenses $1,557,604
Beginning Net Assets $59,525,258
Other Changes In Net Assets $2,790,243
Ending Net Assets $63,873,105
Total Liabilities $1,811,721
Total Assets $63,873,105

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB of Akron