MUSEUM OF ARTS AND DESIGN
MUSEUM OF ARTS AND DESIGN
MUSEUM OF ARTS AND DESIGN
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$8,750,723
Contributions
42%
Program Services
15%
Other
14%
Fundraising Events
12%
Investments
11%
Membership Dues
3%
Government Grants
2%
Expenses in 2024
$12,781,781
Salaries & Benefits
40%
Offices, Occupancy & IT
19%
Depreciation
16%
Other
15%
Fees to Service Providers
7%
Advertising & Promotion
3%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,449,546
$3,658,583
-33%
Government Grants
$335,800
$195,520
-42%
Fundraising Events
$935,776
$1,068,246
+14%
Program Services
$2,622,099
$1,354,848
-48%
Membership Dues
$360,376
$301,565
-16%
Investments
$664,766
$967,890
+46%
Other
$1,918,003
$1,204,071
-37%
Total Revenues
$12,286,366
$8,750,723
-29%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,707,979
$5,139,645
-10%
Fees to Service Providers
$782,695
$896,574
+15%
Advertising & Promotion
$460,522
$374,145
-19%
Offices, Occupancy & IT
$2,564,813
$2,403,783
-6%
Interest
$24,562
$3,020
-88%
Depreciation
$2,122,199
$2,097,217
-1%
Other
$2,042,027
$1,867,397
-9%
Total Expenses
$13,704,797
$12,781,781
-7%
Net income
2023
2024
Change
Net income
-$1,418,431
-$4,031,058
-184%
Functional Expenses
Summary
2023
2024
Change
Program
$10,023,011
$9,180,741
-8%
Admin
$1,213,120
$2,215,837
+83%
Fundraising
$2,468,666
$1,385,203
-44%
Total Expenses
$13,704,797
$12,781,781
-7%
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