Nearly 50% of History Museums Operate on Less Than $100,000 — Engaging Places

A financial review of more than 1,300 History Museums in 2017 reveals that nearly 90 percent operate on less than $1 million annually, and nearly half on less than $100,000 (see Figures 1 and 2). History museums are financially fragile, but an annual increase in revenue of $5,000 to $10,000 could have a tremendous impact on their capacity and impact. How might this be achieved? Hints of potential solutions are revealed in the changing revenue patterns of larger museums.

Nearly 50% of History Museums Operate on Less Than $100,000\

One solution is crowdfunding.

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