LOUIS ARMSTRONG HOUSE MUSEUM

Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,487,309
Contributions
76%
Government Grants
13%
Program Services
5%
Fundraising Events
5%
Other
1%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$1,916,947
Other
41%
Salaries & Benefits
27%
Fees to Service Providers
24%
Offices, Occupancy & IT
6%
Advertising & Promotion
1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$977,311
$3,404,751
+248%
Government Grants
$1,002,830
$575,195
-43%
Fundraising Events
$215,400
$211,338
-2%
Program Services
$78,059
$228,273
+192%
Membership Dues
$0
$0
-
Investments
$21,595
$10,515
-51%
Other
$88,351
$57,237
-35%
Total Revenues
$2,383,546
$4,487,309
+88%
Expenses
2023
2024
Change
Grants
$7,143
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$551,372
$518,368
-6%
Fees to Service Providers
$256,755
$466,686
+82%
Advertising & Promotion
$37,282
$19,792
-47%
Offices, Occupancy & IT
$183,347
$123,390
-33%
Interest
$0
$0
-
Depreciation
$5,594
$12,077
+116%
Other
$720,225
$776,634
+8%
Total Expenses
$1,761,718
$1,916,947
+9%
Net income
2023
2024
Change
Net income
+$621,828
+$2,570,362
+313%
Functional Expenses
Summary
2023
2024
Change
Program
$1,444,531
$1,493,364
+3%
Admin
$126,805
$247,807
+95%
Fundraising
$190,382
$175,776
-8%
Total Expenses
$1,761,718
$1,916,947
+9%
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