Canton Museum of Art
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,673,166
Contributions
70%
Program Services
11%
Other
10%
Investments
8%
Membership Dues
1%
Government Grants
0%
Fundraising Events
0%
Expenses in 2024
$1,848,818
Salaries & Benefits
40%
Offices, Occupancy & IT
25%
Other
25%
Advertising & Promotion
5%
Fees to Service Providers
3%
Depreciation
1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,148,499
$1,163,596
+1%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$169,130
$177,135
+5%
Membership Dues
$29,731
$24,167
-19%
Investments
$144,906
$140,476
-3%
Other
$32,378
$167,792
+418%
Total Revenues
$1,524,644
$1,673,166
+10%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$731,782
$738,353
+1%
Fees to Service Providers
$61,135
$60,364
-1%
Advertising & Promotion
$95,405
$90,370
-5%
Offices, Occupancy & IT
$475,109
$465,490
-2%
Interest
$8,067
$8,250
+2%
Depreciation
$23,127
$23,167
+0%
Other
$342,790
$462,824
+35%
Total Expenses
$1,737,415
$1,848,818
+6%
Net income
2023
2024
Change
Net income
-$212,771
-$175,652
+17%
Functional Expenses
Summary
2023
2024
Change
Program
$1,099,440
$1,179,938
+7%
Admin
$435,992
$439,339
+1%
Fundraising
$201,983
$229,541
+14%
Total Expenses
$1,737,415
$1,848,818
+6%
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