BUTLER INSTITUTE OF AMERICAN ART
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$5,610,470
Contributions
39%
Other
31%
Investments
27%
Government Grants
2%
Program Services
<1%
Membership Dues
<1%
Fundraising Events
0%
Expenses in 2025
$4,558,656
Salaries & Benefits
47%
Depreciation
14%
Offices, Occupancy & IT
14%
Fees to Service Providers
12%
Other
11%
Advertising & Promotion
1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$1,473,903
$2,160,847
+47%
Government Grants
$442,239
$107,551
-76%
Fundraising Events
$0
$0
-
Program Services
$45,090
$41,350
-8%
Membership Dues
$38,260
$32,420
-15%
Investments
$1,488,143
$1,532,415
+3%
Other
$1,452,913
$1,735,887
+19%
Total Revenues
$4,940,548
$5,610,470
+14%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,978,350
$2,160,563
+9%
Fees to Service Providers
$437,712
$554,840
+27%
Advertising & Promotion
$66,540
$61,626
-7%
Offices, Occupancy & IT
$575,253
$634,838
+10%
Interest
$0
$4,756
-
Depreciation
$615,547
$652,964
+6%
Other
$526,554
$489,069
-7%
Total Expenses
$4,199,956
$4,558,656
+9%
Net income
2024
2025
Change
Net income
+$740,592
+$1,051,814
+42%
Functional Expenses
Summary
2024
2025
Change
Program
$2,586,892
$2,743,998
+6%
Admin
$1,373,120
$1,550,735
+13%
Fundraising
$239,944
$263,923
+10%
Total Expenses
$4,199,956
$4,558,656
+9%
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