RICHMOND ART MUSEUM
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$528,388
Contributions
54%
Program Services
20%
Other
15%
Membership Dues
6%
Investments
5%
Government Grants
0%
Fundraising Events
0%
Expenses in 2024
$506,073
Salaries & Benefits
47%
Other
33%
Depreciation
10%
Fees to Service Providers
4%
Offices, Occupancy & IT
3%
Advertising & Promotion
2%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$321,302
$287,121
-11%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$78,546
$106,004
+35%
Membership Dues
$25,586
$30,785
+20%
Investments
$21,313
$25,421
+19%
Other
$74,595
$79,057
+6%
Total Revenues
$521,342
$528,388
+1%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$218,870
$238,394
+9%
Fees to Service Providers
$31,841
$20,995
-34%
Advertising & Promotion
$10,656
$11,468
+8%
Offices, Occupancy & IT
$34,981
$17,325
-50%
Interest
$0
$0
-
Depreciation
$52,524
$51,523
-2%
Other
$172,549
$166,368
-4%
Total Expenses
$521,421
$506,073
-3%
Net income
2023
2024
Change
Net income
-$79
+$22,315
-28347%
Functional Expenses
Summary
2023
2024
Change
Program
$352,923
$348,777
-1%
Admin
$125,182
$105,553
-16%
Fundraising
$43,316
$51,743
+19%
Total Expenses
$521,421
$506,073
-3%
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