SOUTH BEND MUSEUM OF ART
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,089,461
Program Services
73%
Investments
12%
Contributions
11%
Membership Dues
5%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Expenses in 2024
$1,166,895
Salaries & Benefits
63%
Other
25%
Offices, Occupancy & IT
6%
Advertising & Promotion
3%
Fees to Service Providers
1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$228,849
$116,421
-49%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$544,817
$789,935
+45%
Membership Dues
$49,851
$52,633
+6%
Investments
$114,481
$126,822
+11%
Other
$50,724
$3,650
-93%
Total Revenues
$988,722
$1,089,461
+10%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$725,605
$734,376
+1%
Fees to Service Providers
$41,465
$12,764
-69%
Advertising & Promotion
$29,715
$39,295
+32%
Offices, Occupancy & IT
$91,069
$75,699
-17%
Interest
$0
$0
-
Depreciation
$8,313
$10,301
+24%
Other
$227,523
$294,460
+29%
Total Expenses
$1,123,690
$1,166,895
+4%
Net income
2023
2024
Change
Net income
-$134,968
-$77,434
+43%
Functional Expenses
Summary
2023
2024
Change
Program
$682,271
$619,214
-9%
Admin
$406,202
$511,165
+26%
Fundraising
$35,217
$36,516
+4%
Total Expenses
$1,123,690
$1,166,895
+4%
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