AMERICAN ACADEMY OF ARTS & SCIENCES
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$17,314,069
Contributions
56%
Other
25%
Membership Dues
8%
Investments
6%
Program Services
4%
Government Grants
0%
Fundraising Events
0%
Expenses in 2024
$18,828,903
Salaries & Benefits
50%
Offices, Occupancy & IT
21%
Fees to Service Providers
13%
Other
11%
Depreciation
5%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$10,903,073
$9,621,932
-12%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$724,280
$766,525
+6%
Membership Dues
$1,221,291
$1,432,676
+17%
Investments
$918,214
$1,118,483
+22%
Other
$223,709
$4,374,453
+1855%
Total Revenues
$13,990,567
$17,314,069
+24%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,699,511
$9,484,631
+9%
Fees to Service Providers
$1,919,861
$2,438,081
+27%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$2,792,500
$3,919,725
+40%
Interest
$58,171
$49,492
-15%
Depreciation
$967,858
$902,650
-7%
Other
$1,551,226
$2,034,324
+31%
Total Expenses
$15,989,127
$18,828,903
+18%
Net income
2023
2024
Change
Net income
-$1,998,560
-$1,514,834
+24%
Functional Expenses
Summary
2023
2024
Change
Program
$9,745,224
$11,711,975
+20%
Admin
$4,858,785
$5,541,313
+14%
Fundraising
$1,385,118
$1,575,615
+14%
Total Expenses
$15,989,127
$18,828,903
+18%
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