The museum has interactive exhibits, posters, costumes, live instrument demonstrations, and International Bluegrass Music Association's Hall of Fame.

The museum has 64,000 square feet of exhibits, offices, and venues on three floors.

Jam sessions are held at the museum every Saturday and Sunday from 1:30 to 4:30 pm.

The mission of the Bluegrass Music Hall of Fame & Museum is to gather, preserve, exhibit and disseminate artifacts, history, collections and performance art of the global history of bluegrass music through an educational experience.

In 2018, the Bluegrass Music Hall of Fame & Museum opened a new $15 million facility in downtown Owensboro, Kentucky on the banks of the Ohio River.