The Pierpont Morgan Library
Income Statement
Fiscal Year Start:
Apr 1
Revenues in 2025
$55,087,598
Contributions
46%
Investments
25%
Other
12%
Program Services
10%
Membership Dues
4%
Fundraising Events
2%
Government Grants
<1%
Expenses in 2025
$42,662,741
Other
39%
Salaries & Benefits
38%
Depreciation
10%
Fees to Service Providers
7%
Offices, Occupancy & IT
2%
Interest
2%
Advertising & Promotion
1%
Grants
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$35,076,032
$25,610,116
-27%
Government Grants
$141,815
$122,188
-14%
Fundraising Events
$1,221,608
$843,963
-31%
Program Services
$3,853,537
$5,459,427
+42%
Membership Dues
$2,230,368
$2,454,334
+10%
Investments
$8,087,321
$13,932,928
+72%
Other
$8,062,047
$6,664,642
-17%
Total Revenues
$58,672,728
$55,087,598
-6%
Expenses
2024
2025
Change
Grants
$103,549
$108,048
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$16,165,737
$16,379,272
+1%
Fees to Service Providers
$1,856,647
$3,163,728
+70%
Advertising & Promotion
$441,219
$636,335
+44%
Offices, Occupancy & IT
$668,929
$776,865
+16%
Interest
$759,122
$750,902
-1%
Depreciation
$4,131,376
$4,380,615
+6%
Other
$10,265,975
$16,466,976
+60%
Total Expenses
$34,392,554
$42,662,741
+24%
Net income
2024
2025
Change
Net income
+$24,280,174
+$12,424,857
-49%
Functional Expenses
Summary
2024
2025
Change
Program
$25,934,265
$33,368,255
+29%
Admin
$5,427,089
$6,053,850
+12%
Fundraising
$3,031,200
$3,240,636
+7%
Total Expenses
$34,392,554
$42,662,741
+24%
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