Museum of Modern Art
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$324,739,622
Other
38%
Contributions
34%
Program Services
13%
Investments
11%
Fundraising Events
3%
Membership Dues
<1%
Government Grants
0%
Expenses in 2024
$298,973,874
Salaries & Benefits
41%
Other
14%
Depreciation
14%
Fees to Service Providers
13%
Offices, Occupancy & IT
12%
Advertising & Promotion
3%
Interest
3%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$98,763,419
$111,025,644
+12%
Government Grants
$0
$0
-
Fundraising Events
$7,224,127
$8,745,086
+21%
Program Services
$37,165,583
$42,086,903
+13%
Membership Dues
$2,028,668
$2,253,987
+11%
Investments
$24,591,898
$36,631,644
+49%
Other
$66,907,026
$123,996,358
+85%
Total Revenues
$236,680,721
$324,739,622
+37%
Expenses
2023
2024
Change
Grants
$2,596,572
$2,086,820
-20%
Benefits to Members
$0
$0
-
Salaries & Benefits
$106,647,849
$122,150,484
+15%
Fees to Service Providers
$34,996,142
$37,433,233
+7%
Advertising & Promotion
$6,997,468
$8,912,303
+27%
Offices, Occupancy & IT
$33,420,402
$35,654,349
+7%
Interest
$8,936,371
$8,333,081
-7%
Depreciation
$42,270,477
$42,149,093
0%
Other
$44,804,228
$42,254,511
-6%
Total Expenses
$280,669,509
$298,973,874
+7%
Net income
2023
2024
Change
Net income
-$43,988,788
+$25,765,748
-159%
Functional Expenses
Summary
2023
2024
Change
Program
$207,327,987
$216,899,834
+5%
Admin
$60,651,027
$67,939,461
+12%
Fundraising
$12,690,495
$14,134,579
+11%
Total Expenses
$280,669,509
$298,973,874
+7%
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