MUSEUM OF CONTEMPORARY ART
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$17,298,565
Contributions
35%
Government Grants
15%
Other
14%
Fundraising Events
13%
Investments
10%
Program Services
10%
Membership Dues
3%
Expenses in 2024
$37,704,123
Salaries & Benefits
41%
Fees to Service Providers
24%
Other
13%
Offices, Occupancy & IT
10%
Depreciation
8%
Interest
3%
Advertising & Promotion
2%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$10,108,603
$6,052,613
-40%
Government Grants
$2,443,979
$2,610,763
+7%
Fundraising Events
$1,974,772
$2,265,257
+15%
Program Services
$1,747,246
$1,677,253
-4%
Membership Dues
$458,434
$445,486
-3%
Investments
$904,141
$1,781,631
+97%
Other
$1,590,872
$2,465,562
+55%
Total Revenues
$19,228,047
$17,298,565
-10%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$13,853,422
$15,410,743
+11%
Fees to Service Providers
$5,045,342
$8,876,825
+76%
Advertising & Promotion
$694,383
$647,397
-7%
Offices, Occupancy & IT
$7,308,420
$3,919,581
-46%
Interest
$1,157,236
$1,089,842
-6%
Depreciation
$1,817,466
$2,830,405
+56%
Other
$2,955,081
$4,929,330
+67%
Total Expenses
$32,831,350
$37,704,123
+15%
Net income
2023
2024
Change
Net income
-$13,603,303
-$20,405,558
-50%
Functional Expenses
Summary
2023
2024
Change
Program
$22,487,558
$26,963,798
+20%
Admin
$7,233,700
$5,294,290
-27%
Fundraising
$3,110,092
$5,446,035
+75%
Total Expenses
$32,831,350
$37,704,123
+15%
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