THE BROOKLYN INSTITUTE OF ARTS AND SCIENCES
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$68,295,212
Contributions
45%
Government Grants
23%
Program Services
12%
Other
9%
Membership Dues
5%
Fundraising Events
4%
Investments
2%
Expenses in 2024
$77,923,632
Salaries & Benefits
56%
Fees to Service Providers
14%
Other
12%
Depreciation
9%
Offices, Occupancy & IT
7%
Advertising & Promotion
3%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$22,953,314
$30,595,275
+33%
Government Grants
$10,939,552
$15,733,232
+44%
Fundraising Events
$2,397,100
$2,673,305
+12%
Program Services
$8,626,657
$8,182,891
-5%
Membership Dues
$2,969,571
$3,135,294
+6%
Investments
$1,527,751
$1,487,865
-3%
Other
$1,523,248
$6,487,350
+326%
Total Revenues
$50,937,193
$68,295,212
+34%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$37,122,976
$43,294,852
+17%
Fees to Service Providers
$6,168,712
$11,056,061
+79%
Advertising & Promotion
$1,042,333
$1,979,498
+90%
Offices, Occupancy & IT
$4,572,977
$5,677,076
+24%
Interest
$0
$0
-
Depreciation
$6,440,488
$6,876,695
+7%
Other
$6,768,728
$9,039,450
+34%
Total Expenses
$62,116,214
$77,923,632
+25%
Net income
2023
2024
Change
Net income
-$11,179,021
-$9,628,420
+14%
Functional Expenses
Summary
2023
2024
Change
Program
$41,093,780
$54,016,056
+31%
Admin
$15,120,868
$17,799,235
+18%
Fundraising
$5,901,566
$6,108,341
+4%
Total Expenses
$62,116,214
$77,923,632
+25%
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