AKRON ART MUSEUM
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$7,151,047
Contributions
48%
Investments
20%
Other
14%
Government Grants
9%
Program Services
6%
Fundraising Events
4%
Membership Dues
0%
Expenses in 2024
$5,593,443
Salaries & Benefits
47%
Other
21%
Depreciation
19%
Offices, Occupancy & IT
6%
Fees to Service Providers
4%
Advertising & Promotion
2%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,164,563
$3,432,619
+8%
Government Grants
$152,033
$610,773
+302%
Fundraising Events
$177,439
$261,824
+48%
Program Services
$394,036
$412,894
+5%
Membership Dues
$0
$0
-
Investments
$2,042,035
$1,445,488
-29%
Other
$971,267
$987,449
+2%
Total Revenues
$6,901,373
$7,151,047
+4%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,404,200
$2,619,031
+9%
Fees to Service Providers
$265,316
$244,192
-8%
Advertising & Promotion
$105,298
$136,892
+30%
Offices, Occupancy & IT
$352,315
$333,471
-5%
Interest
$0
$0
-
Depreciation
$1,064,536
$1,063,502
0%
Other
$1,201,849
$1,196,355
0%
Total Expenses
$5,393,514
$5,593,443
+4%
Net income
2023
2024
Change
Net income
+$1,507,859
+$1,557,604
+3%
Functional Expenses
Summary
2023
2024
Change
Program
$3,796,300
$3,898,183
+3%
Admin
$1,180,714
$1,160,558
-2%
Fundraising
$416,500
$534,702
+28%
Total Expenses
$5,393,514
$5,593,443
+4%
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