Tax documents obtained by Zeteo Friday disprove the president’s repeated claims that he “saved” the revered arts center from financial collapse, and instead illustrate that Trump’s intimate involvement in the building’s affairs last year triggered the beginning of its rapid decline.
But the Kennedy Center was not losing “hundreds of millions” or “sometimes hundreds of billions,” as Trump claimed on Wednesday, after a federal judge dealt his Kennedy Center plans another blow.
By September 30, 2025, the center recorded $517 million in revenue and $778 million in net assets, though its position was aided by the Big Beautiful Bill, which extended $257 million to buoy the institution. Behind the scenes, program revenue had declined by $16 million, and pledges and grants declined by $30 million, according to the center’s 2025 return obtained by Zeteo.
Earlier this week, U.S. District Judge Christopher Cooper ruled that the Kennedy Center could not be renamed to include “Donald J. Trump” on its exterior. He noted that Congress singularly arbitrates the name of the Kennedy Center, which was erected to memorialize the assassinated President John F. Kennedy.
Cooper issued another directive Thursday, ordering the Trump administration to provide 30 days’ notice ahead of any construction at the Kennedy Center, “including but not limited to any ‘demolition’ of the Center’s main building.” The mandate came after Trump was spotted aboard Air Force One looking at a posterboard that read: “Kennedy Center DEMOLISH” above a picture of a demolition site.
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