AMERICAN ACADEMY IN ROME
AMERICAN ACADEMY IN ROME
AMERICAN ACADEMY IN ROME
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$22,578,459
Other
38%
Contributions
33%
Program Services
12%
Fundraising Events
8%
Investments
7%
Government Grants
3%
Membership Dues
0%
Expenses in 2024
$14,725,916
Salaries & Benefits
44%
Offices, Occupancy & IT
19%
Fees to Service Providers
18%
Depreciation
8%
Grants
6%
Other
5%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$6,558,512
$7,345,087
+12%
Government Grants
$422,354
$768,864
+82%
Fundraising Events
$1,426,476
$1,816,444
+27%
Program Services
$2,338,855
$2,604,919
+11%
Membership Dues
$0
$0
-
Investments
$1,094,931
$1,480,140
+35%
Other
$620,071
$8,563,005
+1281%
Total Revenues
$12,461,199
$22,578,459
+81%
Expenses
2023
2024
Change
Grants
$844,150
$865,525
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,234,989
$6,544,174
+5%
Fees to Service Providers
$2,614,299
$2,617,064
+0%
Advertising & Promotion
$2,203
$7,654
+247%
Offices, Occupancy & IT
$2,583,746
$2,803,919
+9%
Interest
$0
$0
-
Depreciation
$1,073,470
$1,145,993
+7%
Other
$1,301,595
$741,587
-43%
Total Expenses
$14,654,452
$14,725,916
+0%
Net income
2023
2024
Change
Net income
-$2,193,253
+$7,852,543
-458%
Functional Expenses
Summary
2023
2024
Change
Program
$10,068,952
$10,756,254
+7%
Admin
$2,695,923
$1,897,460
-30%
Fundraising
$1,889,577
$2,072,202
+10%
Total Expenses
$14,654,452
$14,725,916
+0%
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