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Museums and Art Galleries

SIC 8412  /  NAICS 712110 

The following guide to industry information, research, and analysis provides sources for industry trends and statistics, financial ratios, salary surveys, and more.

Select from the following page sections or scroll down the page below for a complete listing of all available resources:

Industry Overview, Issues, Trends, and Outlook

Financial Information and Financial Ratios

Compensation and Salary Surveys

Business Valuation Resources



See Museums Shops and Stores for additional resources specific to these operations. For resource guides specific to other industries, see Industry Information Resources which covers over 400 individual industries.



Industry Overview, Issues, Trends, and Outlook


Museums, Zoos, and Parks
http://www.firstresearch.com
Profiles cover key aspects of an industry's size, scope, and operations, recent news and developments, industry trends, risks, and opportunities, and include a five-year industry forecast. Profiles are updated quarterly and include:


American Association of Museums
Museums FAQ
http://www.aam-us.org/aboutmuseums/abc.cfm
Comprehensive overview of the museum industry with reference sources for more information. Topics covered included number and types of museums in the U.S., directory of regional and state associations, visitor attendance and spending data, career opportunities, and more. All information is available free online.

Museums and Art Galleries
http://www.ibisworld.com
Reports provide in-depth industry analysis and a five-year industry growth forecast, with special focus on the underlying structure and external forces and relationships that affect an industry and its performance. Report sections include:

Sample industry report is available free online.

Bureau of Labor Statistics, U.S. Department of Labor
Occupational Outlook Handbook - Curators and Museum Technicians
http://www.bls.gov/curators-and-museum-technicians.htm
Information provided includes a description of the nature of the work, number and types of jobs, education and training, wages and earnings, employment outlook, and sources for additional information. All information is available free online.

Industry Market Research Reports
Museums and Art Galleries
http://www.marketresearch.com  Search for specific terms or keywords
In-depth business market research reports include information on market size and market segmentation; marketing strategy; product and market forecasts; business trends, risks, and opportunities; key participant profiles; market share data; and more. Summary abstract and detailed table of contents for each market research report is accessible free online.

Industry Market Analysis Reports
Museums and Art Galleries
http://www.bizminer.com  Search for "712110"
Industry statistics for museums and art galleries include industry sales and sales trends, market size and market share by sales class, average company sales and sales per employee, staffing and employment trends, business start up activity and failure rates, and other business statistics on a national, state, and metropolitan area level. Sample market analysis reports can be viewed free online.

More Industry Research and Analysis
For more business research and analysis available from Standard & Poor's, Freedonia Group, Euromonitor, and other sources—including key business statistics, market research and analysis, and business trends and forecasts for a wide range of industries, see Industry Overview, Issues, Trends, and Outlook.




Financial Information and Financial Ratios


Industry Financial Ratios
Museums and Art Galleries
http://www.bizminer.com  Search for "712110"
Five-year comparative financial statement analysis includes income statements with expense detail, balance sheets, cash flow statements, and key business and financial ratios for museums and art galleries for museums and art galleries. Reports are available by sales size range, and also in small business, sole proprietor, and business start up versions. Sample financial reports with detailed financial ratio analysis can be viewed free online.

American Association of Museums
Museum Financial Information
http://iweb.aam-us.org/Purchase/SearchCatalog.aspx
Select "Museum Reference and Statistics"
Financial survey provides key financial and operating performance measures for museums, with information provided including admission and membership fees, operating income sources, operating costs and expenses, administrative and fundraising expenses, and more. Survey data is broken out by type of museum, institution size, organization structure, geographic location, and other selected criteria.

More Industry Financial Analysis
For more business financial information and analysis available from Integra Information, RMA Annual Financial Statement Studies, and other sources—including financial statements, financial ratios, and other key performance indicators and benchmarks for a wide range of industries, see Industry Financial Information and Financial Ratios.





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Compensation and Salary Surveys


New England Museum Association
Salary and Benefits Survey
http://www.nemanet.org/publications.htm
Salary survey covers over 41 positions in all museum departments with salary data reported by institutional budget and discipline, and also includes additional information with regard to personnel education and gender, part-time professionals, and volunteers.

Museum Association of New York
MANY Salary Survey
http://manyonline.org/publications/publications/
Biennial salary survey provides salary information for over 70 full-time and part-time job positions in over 90 New York State institutions, with survey data broken out by budget size, discipline, and geographic location.

Association of Midwest Museums
AAM Salary Survey Report
http://www.midwestmuseums.org/salary_survey.html
Salary survey provides compensation and benefit information for museum professionals in the Midwest, with the survey results covering 54 full-time and part-time job positions in over 130 institutions.

Association of Art Museum Directors
AAMD Salary Survey
http://www.aamd.org/careers/
Compensation and benefits survey for art museum personnel provides mean, median, upper and lower quartile, and high and low salary figures for over 30 job positions, with salary data for each job position further broken down by geographic region, operating budget, and metropolitan area population.

Bureau of Labor Statistics, U.S. Department of Labor
Occupational Outlook Handbook - Curators and Museum Technicians
http://www.bls.gov/curators-and-museum-technicians.htm
Information provided includes a description of the nature of the work, number and types of jobs, education and training, wages and earnings, employment outlook, and sources for additional information. All information is available free online.

Officer Compensation Expense
See "BizMiner Industry Financial Ratios" above for report including this data.
Five-year comparative financial analysis details officer compensation expense in both dollars and as a percentage of sales. Available by sales size range, and also in small business, sole proprietor, and business start up versions. Sample financial reports can be viewed free online.

More Compensation and Salary Data
For more compensation and salary survey data available from ERI Economic Research Institute, PayScale, Salary.com, and other sources—including average salary, salary range, incentive compensation, and employee benefits information for a wide range of jobs and industries, see Compensation and Salary Surveys.





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Business Valuation Resources


BVMarketData
Private Company Sales Transactions Databases
Pratt's Stats®  http://www.bvmarketdata.com/PSAdvSearch.asp
BIZCOMPS®  http://www.bvmarketdata.com/BIZAdvSearch.asp
Free "Visitor Search" allows users to search thousands of private company sales transactions by SIC Code, NAICS Code, or business description for comparable business sale transaction data, including revenue, earnings, and EBITDA multiples. Data can be purchased as a single report or by subscription.


More Business Sale Transaction Data
For more business sale transaction data available from BizBuySell®, Done Deals, Mergerstat, Public Stats™, and other sources for a wide range of industries, see Business Valuation Multiples and Merger & Acquisition Transaction Data.




Related Industries:
Libraries and Archives
Museum Shops and Stores
Zoos, Aquariums, and Botanical Gardens

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