NEWPORT ART MUSEUM AND ART ASSOCIATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,527,167
Contributions
33%
Other
24%
Program Services
24%
Investments
13%
Membership Dues
4%
Government Grants
1%
Fundraising Events
0%
Expenses in 2024
$2,170,597
Salaries & Benefits
50%
Other
31%
Depreciation
10%
Offices, Occupancy & IT
7%
Interest
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Fees to Service Providers
0%
Revenues
2023
2024
Change
Contributions
$416,886
$510,659
+22%
Government Grants
$0
$20,500
-
Fundraising Events
$0
$0
-
Program Services
$362,547
$367,353
+1%
Membership Dues
$77,240
$63,684
-18%
Investments
$196,854
$197,198
+0%
Other
$347,500
$367,773
+6%
Total Revenues
$1,401,027
$1,527,167
+9%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,005,762
$1,078,212
+7%
Fees to Service Providers
$0
$0
-
Advertising & Promotion
$8,787
$12,024
+37%
Offices, Occupancy & IT
$148,891
$142,288
-4%
Interest
$23,941
$45,272
+89%
Depreciation
$236,870
$211,466
-11%
Other
$555,027
$681,335
+23%
Total Expenses
$1,979,278
$2,170,597
+10%
Net income
2023
2024
Change
Net income
-$578,251
-$643,430
-11%
Functional Expenses
Summary
2023
2024
Change
Program
$1,177,482
$1,303,907
+11%
Admin
$432,090
$509,895
+18%
Fundraising
$369,706
$356,795
-3%
Total Expenses
$1,979,278
$2,170,597
+10%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)