Valuation Resources

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. See the following sections listed below to view available resources by category: industry analysis, trends, statistics, and forecasts; financial statements and financial ratios; compensation and salary surveys; and business valuation resources. For guides to other industries, see our index of over 400 industries.

Industry Analysis, Trends, Statistics, and Forecasts

Museums & Art Galleries  (view report)
Historic Sites  (view report)
Comprehensive industry research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Topics addressed in the reports include:
Sample report and selected data including market size based on revenue, five-year average growth rate, number of businesses, and total employment are available free online.

International Council of Museums
ICOM News Magazine

Triannual publication features news and information for museum professionals, with "Special Reports" covering topics such as visitor experience, merchandising, financing, and training professionals, and "Best Practices" section articles addressing topics such as events management, traveling exhibitions, acquisition policy, and stocking collections. Digital editions of the magazine are available free online.

American Alliance of Museums
Publications available from this organization include:

Museum Magazine
Bimonthly publication features news and information for industry professionals, with feature articles providing detailed analysis and commentary on topics such as standards and practices, exhibitions, leadership development, finance, fund raising, marketing, public relations, risk management, and facilities development and management. Publication is available to members and subscribers only.

Research section includes reports and studies addressing various aspects of the industry, with topics covered including attendance and admission fee trends, impact of the economy on institution budgets and operations, changes in annual revenue by source, budgetary issues and concerns, workforce characteristics, and mobile technology usage and practices. All information is available free online.

The Official Museum Directory
Published annually in conjunction with National Register Publishing®, this comprehensive reference guide provides detailed contact information for individual institutions, key personnel at these institutions, and industry vendors and professionals. Publication is available in print and online versions, with the online version searchable by institution name, category, geographic location, personnel, and keyword.

Euromonitor International
Libraries, Museums, and Cultural Services in the US

Market research report analyzes key trends and developments for this market sector in the U.S., with topics addressed in the report including industry overview, market growth and industry performance, competitive environment, organization demographics, customers and suppliers, industry prospects, and five-year forecasts. Sample report and detailed table of contents can be viewed free online.

Market Analysis

Market analysis report provides industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.

Financial Statements and Financial Ratios

Industry Financial Ratios
Museums and Art Galleries  Search for "712110"
Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level including:
Sample national and metropolitan area reports are available free online.

Art Museums By the Numbers

Annual survey provides aggregate benchmarking measures for art museums, with information provided including revenue and expenses per visitor, average sources of revenue and support (e.g., government, memberships, contributions, admission, other sources, endowment income), and average operating expenses (revenue-generating and arts-focused activities, administration, infrastructure, and other).

Compensation and Salary Surveys

National Comparative Museum Salary Study
Annual salary survey provides detailed compensation and benefits information for over 50 job positions on a national basis, with survey data broken out by type of institution, annual budget size, geographic region, and geographic setting (e.g., urban, rural, and suburban) as well as personal characteristics for individual job holders such as age, gender, education level, and years of experience in current position.

Salary and Benefits Survey

Biennial salary survey provides compensation and benefits information for more than 70 full-time and part-time job positions in over 100 New York State museums and other institutions, with compensation data broken out by budget size, discipline, and institution geographic location, and employee benefits practices addressed in the survey including health insurance coverage and paid time-off policies.

Salary Survey

Annual compensation survey provides salary information for art museum professionals in the U.S. and Canada, with compensation statistics reported on a national basis and by metropolitan area based on MSA (metropolitan statistical area), CMSA (consolidated metropolitan statistical area), and PMSA (primary metropolitan statistical area). Current and prior year surveys can be purchased online.

Business Valuation Resources

Private company sales transaction data for over 800 industries.

Related Industries:
Art Dealers and Commercial Art Galleries
Museum Shops and Stores
Travel Agents / Tour Operators
Zoos, Aquariums, and Botanical Gardens


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