Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on the day's biggest business stories
Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Sign up for Axios NW Arkansas
Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters
A closed sign outside a museum in New York City. Photo: Cindy Ord/Getty Images
33% of America's museums are at a "significant risk" of closing permanently by next fall due to economic distress from coronavirus-related shutdowns, an American Alliance of Museums survey has found.
Why it matters: Ticket and gift shop sales, school trips and museum events are primary sources of funding, AAM President and CEO Laura Lott told NPR.
By the numbers: The 760 museums surveyed included aquariums, botanical gardens, art museums and science centers. More than 40% surveyed were history museums, historic houses and historical societies.
- 87% said they had 12 months or less of financial operating reserves.
- 56% said they had resources to cover less than six months of operations.
"Museums support 726,000 direct and indirect jobs and contribute $50 billion each year to the economy. Of the museums able to reopen, over 40% plan to do so with reduced staff and will need to spend additional funds to ensure their ability to reopen safely."— AAM said in a statement
Methodology: The sample of 760 museums provides a confidence level of 95% with a confidence interval of 3.15% for the population of AAM member museums.