THE DETROIT INSTITUTE OF ARTS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$665,299,893
Investments
81%
Cash & Equivalents
8%
Receivables (Non-Related)
6%
Property, Plant, & Equipment (net)
4%
Other Assets
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$17,097,157
Other Liabilities
58%
Payables & Accruals
20%
Notes Payable / Debt (Non-Related)
19%
Deferred Revenue
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$34,092,275
$55,011,055
+61%
Receivables (Non-Related)
$33,757,250
$38,465,743
+14%
Related-Party Receivables
-
-
-
Inventories
$521,312
$412,817
-21%
Prepaid Expenses
$440,680
$516,884
+17%
Investments
$477,997,288
$540,984,556
+13%
Property, Plant, & Equipment (net)
$24,217,758
$27,117,187
+12%
Other Assets
$3,801,606
$2,791,651
-27%
Total Assets
$574,828,169
$665,299,893
+16%
Liabilities
2023
2024
Change
Payables & Accruals
$3,533,983
$3,348,272
-5%
Grants Payable
-
-
-
Deferred Revenue
$645,765
$623,357
-3%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,469,735
$3,198,827
-8%
Related-Party Payables
-
-
-
Other Liabilities
$8,659,642
$9,926,701
+15%
Total Liabilities
$16,309,125
$17,097,157
+5%
Net assets
2023
2024
Change
Restricted Net Assets
$221,884,410
$256,543,924
+16%
Unrestricted Net Assets
$336,634,634
$391,658,812
+16%
Net assets
2023
2024
Change
Net assets
+$558,519,044
+$648,202,736
+16%
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