AMERICAN FOLK ART MUSEUM
AMERICAN FOLK ART MUSEUM
AMERICAN FOLK ART MUSEUM
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$5,537,927
Contributions
42%
Program Services
30%
Other
12%
Investments
9%
Government Grants
6%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$6,661,763
Salaries & Benefits
47%
Fees to Service Providers
28%
Other
15%
Offices, Occupancy & IT
9%
Depreciation
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$7,470,468
$2,335,252
-69%
Government Grants
$343,200
$352,405
+3%
Fundraising Events
$0
$0
-
Program Services
$818,227
$1,686,089
+106%
Membership Dues
$0
$0
-
Investments
$272,154
$486,997
+79%
Other
$661,051
$677,184
+2%
Total Revenues
$9,565,100
$5,537,927
-42%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,724,154
$3,106,990
+14%
Fees to Service Providers
$1,236,095
$1,875,063
+52%
Advertising & Promotion
$18,579
$20,153
+8%
Offices, Occupancy & IT
$521,594
$581,415
+11%
Interest
$0
$0
-
Depreciation
$148,407
$105,219
-29%
Other
$717,461
$972,923
+36%
Total Expenses
$5,366,290
$6,661,763
+24%
Net income
2023
2024
Change
Net income
+$4,198,810
-$1,123,836
-127%
Functional Expenses
Summary
2023
2024
Change
Program
$3,562,569
$4,650,079
+31%
Admin
$1,049,666
$1,349,976
+29%
Fundraising
$754,057
$661,708
-12%
Total Expenses
$5,366,290
$6,661,763
+24%
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