THE STUDIO MUSEUM IN HARLEM
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$300,541,938
Property, Plant, & Equipment (net)
52%
Investments
15%
Receivables (Non-Related)
12%
Other Assets
11%
Cash & Equivalents
11%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$55,761,521
Other Liabilities
71%
Payables & Accruals
17%
Notes Payable / Debt (Non-Related)
11%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$41,114,642
$31,837,664
-23%
Receivables (Non-Related)
$35,426,796
$35,439,748
+0%
Related-Party Receivables
-
-
-
Inventories
$89,501
$99,409
+11%
Prepaid Expenses
$268,802
$1,582,718
+489%
Investments
$51,118,032
$44,245,740
-13%
Property, Plant, & Equipment (net)
$108,994,460
$155,305,020
+42%
Other Assets
$17,893,799
$32,031,639
+79%
Total Assets
$254,906,032
$300,541,938
+18%
Liabilities
2023
2024
Change
Payables & Accruals
$1,069,921
$9,645,460
+802%
Grants Payable
-
-
-
Deferred Revenue
-
$35,000
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$9,100,553
$6,246,875
-31%
Related-Party Payables
-
-
-
Other Liabilities
$29,046,614
$39,834,186
+37%
Total Liabilities
$39,217,088
$55,761,521
+42%
Net assets
2023
2024
Change
Restricted Net Assets
$77,129,504
$183,534,011
+138%
Unrestricted Net Assets
$138,559,440
$61,246,406
-56%
Net assets
2023
2024
Change
Net assets
+$215,688,944
+$244,780,417
+13%
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