KENTUCKY DERBY MUSEUM CORPORATION
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$9,249,215
Program Services
49%
Other
38%
Contributions
7%
Investments
7%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$8,357,943
Salaries & Benefits
44%
Offices, Occupancy & IT
31%
Other
10%
Advertising & Promotion
7%
Depreciation
5%
Fees to Service Providers
3%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$485,690
$624,598
+29%
Government Grants
$1,363,000
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$4,060,429
$4,535,841
+12%
Membership Dues
$0
$0
-
Investments
$595,651
$618,168
+4%
Other
$3,135,968
$3,470,608
+11%
Total Revenues
$9,640,738
$9,249,215
-4%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,342,786
$3,668,085
+10%
Fees to Service Providers
$285,993
$211,005
-26%
Advertising & Promotion
$507,705
$604,106
+19%
Offices, Occupancy & IT
$2,425,343
$2,603,099
+7%
Interest
$0
$0
-
Depreciation
$366,666
$441,580
+20%
Other
$822,490
$830,068
+1%
Total Expenses
$7,750,983
$8,357,943
+8%
Net income
2023
2024
Change
Net income
+$1,889,755
+$891,272
-53%
Functional Expenses
Summary
2023
2024
Change
Program
$6,072,586
$6,607,259
+9%
Admin
$1,459,590
$1,554,281
+6%
Fundraising
$218,807
$196,403
-10%
Total Expenses
$7,750,983
$8,357,943
+8%
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