LACMA officials touted the institution’s financial health yesterday, saying that they had managed to raise $29 million despite lingering effects of the lengthy worldwide recession. The museum plans to boost spending by 11 percent next year and hopes to raise $33 million from donors. Still, the Los Angeles Times notes, its investment portfolio has not yet recovered from the 41 percent slide it has taken since its peak in mid-2007. It stood at $114 million as of December, 32 percent below that peak.
While admissions fees account for only a fraction of LACMA’s revenue, the museum no doubt hopes to juice interest in its offerings by presenting the Tim Burton exhibition, which attracted 810,500 visitors to MoMA, making it the third-most-visited show in the museum’s history, behind retrospectives of Picasso, in 1980, and Matisse, in 1992. The show will run at LACMA from May 29 through Halloween, a fitting end date for Goth-inclined show.