ALBANY INSTITUTE OF HISTORY AND ART
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,875,488
Contributions
74%
Government Grants
11%
Other
7%
Program Services
6%
Investments
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,388,044
Salaries & Benefits
43%
Depreciation
17%
Other
13%
Fees to Service Providers
12%
Offices, Occupancy & IT
12%
Advertising & Promotion
2%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$838,972
$1,395,955
+66%
Government Grants
$74,539
$204,500
+174%
Fundraising Events
$0
$0
-
Program Services
$119,368
$114,498
-4%
Membership Dues
$0
$0
-
Investments
$48,525
$38,131
-21%
Other
$137,835
$122,404
-11%
Total Revenues
$1,219,239
$1,875,488
+54%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$926,522
$1,031,406
+11%
Fees to Service Providers
$357,378
$290,024
-19%
Advertising & Promotion
$8,706
$48,984
+463%
Offices, Occupancy & IT
$270,461
$289,413
+7%
Interest
$34,339
$20,144
-41%
Depreciation
$393,815
$397,005
+1%
Other
$212,770
$311,068
+46%
Total Expenses
$2,203,991
$2,388,044
+8%
Net income
2023
2024
Change
Net income
-$984,752
-$512,556
+48%
Functional Expenses
Summary
2023
2024
Change
Program
$1,383,607
$1,502,823
+9%
Admin
$440,316
$406,748
-8%
Fundraising
$380,068
$478,473
+26%
Total Expenses
$2,203,991
$2,388,044
+8%
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