THE STUDIO MUSEUM IN HARLEM
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$43,385,519
Contributions
44%
Government Grants
40%
Other
6%
Investments
5%
Fundraising Events
3%
Program Services
<1%
Membership Dues
<1%
Expenses in 2024
$17,603,871
Salaries & Benefits
49%
Offices, Occupancy & IT
20%
Other
15%
Fees to Service Providers
11%
Advertising & Promotion
3%
Grants
2%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$18,767,700
$19,207,540
+2%
Government Grants
$22,481,087
$17,545,736
-22%
Fundraising Events
$1,457,453
$1,507,395
+3%
Program Services
$271,955
$217,590
-20%
Membership Dues
$115,522
$183,270
+59%
Investments
$2,379,462
$2,251,631
-5%
Other
$1,747,430
$2,472,357
+41%
Total Revenues
$47,220,609
$43,385,519
-8%
Expenses
2023
2024
Change
Grants
$216,750
$294,536
+36%
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,236,330
$8,587,044
+19%
Fees to Service Providers
$1,786,249
$1,866,646
+5%
Advertising & Promotion
$673,165
$578,937
-14%
Offices, Occupancy & IT
$3,958,736
$3,588,900
-9%
Interest
$0
$0
-
Depreciation
$92,345
$75,269
-18%
Other
$2,201,154
$2,612,539
+19%
Total Expenses
$16,164,729
$17,603,871
+9%
Net income
2023
2024
Change
Net income
+$31,055,880
+$25,781,648
-17%
Functional Expenses
Summary
2023
2024
Change
Program
$9,169,540
$10,670,515
+16%
Admin
$4,691,446
$4,310,318
-8%
Fundraising
$2,303,743
$2,623,038
+14%
Total Expenses
$16,164,729
$17,603,871
+9%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)