UKRAINIAN INSTITUTE OF MODERN ART
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$447,679
Contributions
78%
Investments
7%
Other
6%
Fundraising Events
4%
Government Grants
3%
Membership Dues
2%
Program Services
<1%
Expenses in 2024
$328,864
Salaries & Benefits
58%
Other
25%
Fees to Service Providers
10%
Offices, Occupancy & IT
4%
Grants
2%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$177,462
$349,102
+97%
Government Grants
$10,400
$11,600
+12%
Fundraising Events
$12,500
$17,994
+44%
Program Services
$28,596
$4,463
-84%
Membership Dues
$6,605
$8,920
+35%
Investments
$20,216
$29,788
+47%
Other
$59,990
$25,812
-57%
Total Revenues
$315,769
$447,679
+42%
Expenses
2023
2024
Change
Grants
$62,036
$6,040
-90%
Benefits to Members
$0
$0
-
Salaries & Benefits
$173,546
$189,879
+9%
Fees to Service Providers
$33,730
$33,113
-2%
Advertising & Promotion
$3,169
$1,390
-56%
Offices, Occupancy & IT
$17,659
$11,637
-34%
Interest
$4,458
$4,404
-1%
Depreciation
$0
$0
-
Other
$113,742
$82,401
-28%
Total Expenses
$408,340
$328,864
-19%
Net income
2023
2024
Change
Net income
-$92,571
+$118,815
-228%
Functional Expenses
Summary
2023
2024
Change
Program
$304,675
$193,628
-36%
Admin
$100,036
$113,803
+14%
Fundraising
$3,629
$21,433
+491%
Total Expenses
$408,340
$328,864
-19%
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