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One-third of museums may close forever, according to our National Survey of COVID-19 Impact on US Museums released today. The results document extreme financial distress in the museum field. However, the survey has several other findings.
A few key insights are highlighted:
A few key insights are highlighted:
Time matters 
The vast majority (87%) of museums have only 12 months or less of financial operating reserves remaining.
Over half (56%) have less than six months left to cover operations.
The vast majority (87%) of museums have only 12 months or less of financial operating reserves remaining.
Over half (56%) have less than six months left to cover operations.
Job loss is significant 
44% had furloughed or laid off some portion of their staff.
41% anticipated reopening with reduced staff.
44% had furloughed or laid off some portion of their staff.
41% anticipated reopening with reduced staff.
Data on how museums continued fulfilling their missions during the pandemic, including:
75% provided educational resources for children, parents, and teachers
43% provided enhanced access to digitized collection resources
Dozens made their WiFi available for free
75% provided educational resources for children, parents, and teachers 43% provided enhanced access to digitized collection resources Dozens made their WiFi available for free
Despite continuing this work throughout the pandemic, two-thirds (64%) of directors predicted cuts in education, programming, or other public services due to significant budget cuts.
Read the full release: https://www.aam-us.org/2020/07/22/united-states-may-lose-one-third-of-all-museums-new-survey-shows/
Delve into and download the survey findings: https://www.aam-us.org/2020/07/22/a-snapshot-of-us-museums-response-to-the-covid-19-pandemic/
Delve into and download the survey findings: https://www.aam-us.org/2020/07/22/a-snapshot-of-us-museums-response-to-the-covid-19-pandemic/
