CEDAR RAPIDS MUSEUM OF ART
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$1,063,232
Contributions
45%
Investments
23%
Fundraising Events
18%
Government Grants
4%
Program Services
4%
Membership Dues
4%
Other
2%
Expenses in 2025
$1,417,766
Salaries & Benefits
48%
Offices, Occupancy & IT
21%
Depreciation
21%
Other
4%
Fees to Service Providers
4%
Interest
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$423,843
$476,874
+13%
Government Grants
$61,500
$45,354
-26%
Fundraising Events
$169,423
$193,811
+14%
Program Services
$47,287
$44,479
-6%
Membership Dues
$43,350
$39,501
-9%
Investments
$199,244
$244,329
+23%
Other
$64,269
$18,884
-71%
Total Revenues
$1,008,916
$1,063,232
+5%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$638,702
$680,133
+6%
Fees to Service Providers
$52,475
$54,774
+4%
Advertising & Promotion
$9,920
$10,235
+3%
Offices, Occupancy & IT
$378,540
$301,393
-20%
Interest
$10,825
$10,331
-5%
Depreciation
$279,277
$299,706
+7%
Other
$58,687
$61,194
+4%
Total Expenses
$1,428,426
$1,417,766
-1%
Net income
2024
2025
Change
Net income
-$419,510
-$354,534
+15%
Functional Expenses
Summary
2024
2025
Change
Program
$1,121,699
$1,105,433
-1%
Admin
$231,708
$234,053
+1%
Fundraising
$75,019
$78,280
+4%
Total Expenses
$1,428,426
$1,417,766
-1%
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