WADSWORTH ATHENEUM MUSEUM OF ART
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$12,409,819
Contributions
35%
Other
28%
Investments
17%
Program Services
7%
Government Grants
6%
Fundraising Events
5%
Membership Dues
2%
Expenses in 2024
$22,278,450
Other
45%
Salaries & Benefits
26%
Offices, Occupancy & IT
10%
Fees to Service Providers
9%
Depreciation
9%
Advertising & Promotion
1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,790,702
$4,306,438
-26%
Government Grants
$257,366
$706,104
+174%
Fundraising Events
$0
$668,070
-
Program Services
$641,802
$839,758
+31%
Membership Dues
$272,560
$294,695
+8%
Investments
$2,921,597
$2,136,396
-27%
Other
$1,060,462
$3,458,358
+226%
Total Revenues
$10,944,489
$12,409,819
+13%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,709,689
$5,766,261
+1%
Fees to Service Providers
$2,300,842
$2,035,564
-12%
Advertising & Promotion
$264,701
$309,956
+17%
Offices, Occupancy & IT
$3,106,635
$2,133,472
-31%
Interest
$7,294
$16,102
+121%
Depreciation
$1,936,331
$1,903,708
-2%
Other
$5,486,920
$10,113,387
+84%
Total Expenses
$18,812,412
$22,278,450
+18%
Net income
2023
2024
Change
Net income
-$7,867,923
-$9,868,631
-25%
Functional Expenses
Summary
2023
2024
Change
Program
$15,660,818
$19,078,444
+22%
Admin
$2,054,208
$1,835,453
-11%
Fundraising
$1,097,386
$1,364,553
+24%
Total Expenses
$18,812,412
$22,278,450
+18%
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