Eva Knott 7:03 p.m., May 17
How Recession Wallops Visual Arts
The Museum of Contemporary Art San Diego, with facilities in La Jolla and downtown San Diego, had contributions and grants of $4.5 million in 2008, according to Internal Revenue Service records, down sharply from $9.7 million in 2007. Investment income dropped $2.8 million compared with a gain of $2.8 million the prior year. Total revenue was $2.8 million versus $11.9 million the prior year. Net assets dropped to $62.6 million from $72 million. Salaries inched up slightly to $3.65 million from $3.6 million.