The final appropriation for the Smithsonian for fiscal year 2023, which began Oct. 1, 2022, is $1.144 billion, an increase over last fiscal year's appropriation of $1.062 billion.
Where does the Smithsonian get its funding?
The Smithsonian has two sources of funding - federal appropriations and income generated from gifts, revenue-generating activities, and investments (referred to as Smithsonian "trust funds").
Does the Smithsonian buy items?
The Smithsonian acquires thousands of objects and specimens each year for its collection holdings through donation, bequest, purchase, exchange, and field collecting. The Institution accepts only items that truly fill a gap in the collections and then only after careful consideration by museum curators and directors.
What is the revenue of the Smithsonian museums?
Smithsonian Institution's revenue is $1.6 billion.
Smithsonian Institution has 6,100 employees, and the revenue per employee ratio is $262,479. Smithsonian Institution peak revenue was $1.6B in 2022.
Who finances the Smithsonian?
The Smithsonian's annual budget is around $1.25 billion, with two-thirds coming from annual federal appropriations. Other funding comes from the institution's endowment, private and corporate contributions, membership dues, and earned retail, concession, and licensing revenue.
Who pays for Smithsonian museums?
The Smithsonian's annual budget is around $1.25 billion, with two-thirds coming from annual federal appropriations. Other funding comes from the institution's endowment, private and corporate contributions, membership dues, and earned retail, concession, and licensing revenue.