Indianapolis Museum of Art Inc
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$50,692,742
Other
52%
Program Services
23%
Contributions
14%
Investments
8%
Membership Dues
2%
Government Grants
<1%
Fundraising Events
0%
Expenses in 2024
$51,102,944
Salaries & Benefits
43%
Fees to Service Providers
20%
Depreciation
15%
Other
7%
Offices, Occupancy & IT
7%
Interest
4%
Advertising & Promotion
3%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$34,909,823
$7,168,580
-79%
Government Grants
$430,361
$282,990
-34%
Fundraising Events
$0
$0
-
Program Services
$14,723,386
$11,805,446
-20%
Membership Dues
$1,084,691
$973,143
-10%
Investments
$3,890,064
$4,090,464
+5%
Other
$6,986,666
$26,372,119
+277%
Total Revenues
$62,024,991
$50,692,742
-18%
Expenses
2023
2024
Change
Grants
$8,000
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$19,749,380
$22,152,228
+12%
Fees to Service Providers
$9,208,118
$10,210,287
+11%
Advertising & Promotion
$1,171,242
$1,648,386
+41%
Offices, Occupancy & IT
$3,696,405
$3,690,854
0%
Interest
$1,990,914
$1,887,382
-5%
Depreciation
$5,904,627
$7,781,952
+32%
Other
$4,185,800
$3,731,855
-11%
Total Expenses
$45,914,486
$51,102,944
+11%
Net income
2023
2024
Change
Net income
+$16,110,505
-$410,202
-103%
Functional Expenses
Summary
2023
2024
Change
Program
$35,307,692
$37,055,417
+5%
Admin
$7,127,722
$10,120,377
+42%
Fundraising
$3,479,072
$3,927,150
+13%
Total Expenses
$45,914,486
$51,102,944
+11%
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