MASSACHUSETTS HISTORICAL SOCIETY
MASSACHUSETTS HISTORICAL SOCIETY
MASSACHUSETTS HISTORICAL SOCIETY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$7,150,440
Other
45%
Contributions
42%
Fundraising Events
6%
Government Grants
5%
Investments
2%
Program Services
<1%
Membership Dues
0%
Expenses in 2024
$10,548,645
Salaries & Benefits
62%
Fees to Service Providers
17%
Offices, Occupancy & IT
8%
Other
7%
Depreciation
5%
Grants
1%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,031,321
$2,977,782
+47%
Government Grants
$361,247
$348,613
-3%
Fundraising Events
$0
$393,614
-
Program Services
$90,041
$42,834
-52%
Membership Dues
$0
$0
-
Investments
$100,323
$167,319
+67%
Other
$1,115,692
$3,220,278
+189%
Total Revenues
$3,698,624
$7,150,440
+93%
Expenses
2023
2024
Change
Grants
$232,375
$148,063
-36%
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,731,741
$6,489,346
+13%
Fees to Service Providers
$1,531,621
$1,768,272
+15%
Advertising & Promotion
$0
$3,718
-
Offices, Occupancy & IT
$711,740
$885,115
+24%
Interest
$33,677
$30,169
-10%
Depreciation
$484,136
$492,793
+2%
Other
$754,450
$731,169
-3%
Total Expenses
$9,479,740
$10,548,645
+11%
Net income
2023
2024
Change
Net income
-$5,781,116
-$3,398,205
+41%
Functional Expenses
Summary
2023
2024
Change
Program
$5,589,662
$6,135,348
+10%
Admin
$3,094,665
$3,341,940
+8%
Fundraising
$795,413
$1,071,357
+35%
Total Expenses
$9,479,740
$10,548,645
+11%
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