New Museum of Contemporary Art
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$30,646,973
Contributions
67%
Program Services
11%
Fundraising Events
7%
Investments
6%
Other
6%
Government Grants
1%
Membership Dues
<1%
Expenses in 2024
$19,116,689
Salaries & Benefits
55%
Offices, Occupancy & IT
17%
Depreciation
11%
Fees to Service Providers
8%
Other
8%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$14,566,913
$20,623,487
+42%
Government Grants
$225,820
$368,887
+63%
Fundraising Events
$1,812,200
$2,292,429
+26%
Program Services
$2,807,258
$3,445,018
+23%
Membership Dues
$158,129
$97,851
-38%
Investments
$490,870
$1,959,335
+299%
Other
$2,724,418
$1,859,966
-32%
Total Revenues
$22,785,608
$30,646,973
+35%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$10,265,191
$10,522,253
+3%
Fees to Service Providers
$1,974,104
$1,562,376
-21%
Advertising & Promotion
$179,119
$139,572
-22%
Offices, Occupancy & IT
$3,020,380
$3,277,776
+9%
Interest
$0
$2,240
-
Depreciation
$2,016,740
$2,064,781
+2%
Other
$1,858,973
$1,547,691
-17%
Total Expenses
$19,314,507
$19,116,689
-1%
Net income
2023
2024
Change
Net income
+$3,471,101
+$11,530,284
+232%
Functional Expenses
Summary
2023
2024
Change
Program
$15,717,794
$15,659,730
0%
Admin
$1,475,946
$1,283,317
-13%
Fundraising
$2,120,767
$2,173,642
+2%
Total Expenses
$19,314,507
$19,116,689
-1%
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