MUSEUM OF FINE ARTS
MUSEUM OF FINE ARTS
MUSEUM OF FINE ARTS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$157,680,166
Contributions
43%
Other
35%
Program Services
12%
Membership Dues
5%
Investments
5%
Fundraising Events
<1%
Government Grants
<1%
Expenses in 2024
$129,852,845
Salaries & Benefits
38%
Other
22%
Depreciation
17%
Fees to Service Providers
11%
Offices, Occupancy & IT
6%
Interest
4%
Advertising & Promotion
1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$54,058,964
$68,225,769
+26%
Government Grants
$60,000
$60,000
+0%
Fundraising Events
$127,545
$114,697
-10%
Program Services
$23,141,595
$18,243,104
-21%
Membership Dues
$8,121,164
$7,884,662
-3%
Investments
$2,520,569
$7,637,178
+203%
Other
$11,544,087
$55,514,756
+381%
Total Revenues
$99,573,924
$157,680,166
+58%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$44,389,107
$49,521,405
+12%
Fees to Service Providers
$11,689,403
$14,066,065
+20%
Advertising & Promotion
$2,368,606
$1,539,062
-35%
Offices, Occupancy & IT
$8,392,962
$8,254,670
-2%
Interest
$4,631,800
$5,359,354
+16%
Depreciation
$21,280,671
$22,286,111
+5%
Other
$30,549,967
$28,826,178
-6%
Total Expenses
$123,302,516
$129,852,845
+5%
Net income
2023
2024
Change
Net income
-$23,728,592
+$27,827,321
-217%
Functional Expenses
Summary
2023
2024
Change
Program
$96,903,718
$79,444,234
-18%
Admin
$21,167,755
$43,338,785
+105%
Fundraising
$5,231,043
$7,069,826
+35%
Total Expenses
$123,302,516
$129,852,845
+5%
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