THE FARMERS MUSEUM INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$7,384,602
Other
62%
Investments
13%
Program Services
12%
Contributions
10%
Government Grants
3%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$5,840,794
Salaries & Benefits
53%
Other
26%
Fees to Service Providers
13%
Depreciation
5%
Advertising & Promotion
3%
Grants
0%
Benefits to Members
0%
Offices, Occupancy & IT
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$724,851
$708,916
-2%
Government Grants
$50,500
$203,113
+302%
Fundraising Events
$0
$0
-
Program Services
$899,673
$921,975
+2%
Membership Dues
$0
$0
-
Investments
$773,418
$973,584
+26%
Other
$226,975
$4,577,014
+1917%
Total Revenues
$2,675,417
$7,384,602
+176%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,580,143
$3,114,850
+21%
Fees to Service Providers
$888,341
$733,810
-17%
Advertising & Promotion
$106,011
$183,243
+73%
Offices, Occupancy & IT
$0
$0
-
Interest
$0
$0
-
Depreciation
$253,919
$267,619
+5%
Other
$1,484,316
$1,541,272
+4%
Total Expenses
$5,312,730
$5,840,794
+10%
Net income
2023
2024
Change
Net income
-$2,637,313
+$1,543,808
-159%
Functional Expenses
Summary
2023
2024
Change
Program
$1,392,093
$1,646,444
+18%
Admin
$3,920,637
$4,194,350
+7%
Fundraising
$0
$0
-
Total Expenses
$5,312,730
$5,840,794
+10%
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