Logo for "THE MUSEUM FOR AFRICAN ART D/B/A THE AFRICA CENTER"

THE MUSEUM FOR AFRICAN ART D/B/A THE AFRICA CENTER

THE MUSEUM FOR AFRICAN ART D/B/A THE AFRICA CENTER

NEW YORK, NY, US
501(c)(3)
EIN
13-3137461
Logo for "THE MUSEUM FOR AFRICAN ART D/B/A THE AFRICA CENTER"

THE MUSEUM FOR AFRICAN ART D/B/A THE AFRICA CENTER

NEW YORK, NY, US
501(c)(3)
EIN
13-3137461

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$7,531,386

Contributions
96%
Investments
3%
Government Grants
<1%
Other
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$3,509,909

Salaries & Benefits
44%
Other
26%
Fees to Service Providers
24%
Offices, Occupancy & IT
4%
Depreciation
1%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,361,056
$7,219,070
+430%
Government Grants
$108,982
$50,000
-54%
Fundraising Events
$0
$0
-
Program Services
$79,386
$0
-100%
Membership Dues
$0
$0
-
Investments
$137,242
$222,263
+62%
Other
$52,200
$40,053
-23%
Total Revenues
$1,738,866
$7,531,386
+333%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,659,946
$1,530,753
-8%
Fees to Service Providers
$693,057
$857,764
+24%
Advertising & Promotion
$7,104
$2,101
-70%
Offices, Occupancy & IT
$254,973
$154,564
-39%
Interest
$1,200
$625
-48%
Depreciation
$60,771
$52,290
-14%
Other
$725,320
$911,812
+26%
Total Expenses
$3,402,371
$3,509,909
+3%
Net income
2023
2024
Change
Net income
-$1,663,505
+$4,021,477
-342%
Functional Expenses
Summary
2023
2024
Change
Program
$2,517,769
$2,040,565
-19%
Admin
$441,382
$996,632
+126%
Fundraising
$443,220
$472,712
+7%
Total Expenses
$3,402,371
$3,509,909
+3%
Income Statement
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