MILWAUKEE ART MUSEUM INC
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$21,596,719
Contributions
34%
Other
28%
Membership Dues
13%
Program Services
11%
Investments
8%
Government Grants
3%
Fundraising Events
2%
Expenses in 2024
$22,857,737
Salaries & Benefits
48%
Other
19%
Depreciation
14%
Offices, Occupancy & IT
10%
Fees to Service Providers
7%
Advertising & Promotion
3%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$11,198,925
$7,444,327
-34%
Government Grants
$1,100,000
$731,000
-34%
Fundraising Events
$1,025,175
$416,800
-59%
Program Services
$2,451,848
$2,353,649
-4%
Membership Dues
$2,846,467
$2,803,322
-2%
Investments
$1,318,026
$1,765,616
+34%
Other
$2,873,574
$6,082,005
+112%
Total Revenues
$22,814,015
$21,596,719
-5%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$10,141,062
$10,901,619
+7%
Fees to Service Providers
$936,135
$1,497,349
+60%
Advertising & Promotion
$846,151
$705,688
-17%
Offices, Occupancy & IT
$2,672,237
$2,344,415
-12%
Interest
$0
$0
-
Depreciation
$3,038,672
$3,122,575
+3%
Other
$3,215,588
$4,286,091
+33%
Total Expenses
$20,849,845
$22,857,737
+10%
Net income
2023
2024
Change
Net income
+$1,964,170
-$1,261,018
-164%
Functional Expenses
Summary
2023
2024
Change
Program
$14,846,317
$16,384,728
+10%
Admin
$4,139,500
$4,130,669
0%
Fundraising
$1,864,028
$2,342,340
+26%
Total Expenses
$20,849,845
$22,857,737
+10%
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