DUBUQUE MUSEUM OF ART
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2023
$1,348,188
Contributions
70%
Investments
10%
Fundraising Events
10%
Government Grants
4%
Program Services
3%
Other
2%
Membership Dues
1%
Expenses in 2023
$1,376,873
Salaries & Benefits
45%
Other
42%
Offices, Occupancy & IT
5%
Depreciation
5%
Interest
1%
Advertising & Promotion
<1%
Fees to Service Providers
<1%
Grants
0%
Benefits to Members
0%
Revenues
2022
2023
Change
Contributions
$276,721
$945,704
+242%
Government Grants
$99,200
$59,929
-40%
Fundraising Events
$76,103
$130,136
+71%
Program Services
$23,212
$38,274
+65%
Membership Dues
$20,745
$15,676
-24%
Investments
$88,581
$132,403
+49%
Other
$104,577
$26,066
-75%
Total Revenues
$689,139
$1,348,188
+96%
Expenses
2022
2023
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$496,724
$617,669
+24%
Fees to Service Providers
$222,261
$5,995
-97%
Advertising & Promotion
$17,396
$11,275
-35%
Offices, Occupancy & IT
$84,159
$71,661
-15%
Interest
$9,906
$20,046
+102%
Depreciation
$82,061
$69,775
-15%
Other
$147,659
$580,452
+293%
Total Expenses
$1,060,166
$1,376,873
+30%
Net income
2022
2023
Change
Net income
-$371,027
-$28,685
+92%
Functional Expenses
Summary
2022
2023
Change
Program
$436,948
$861,268
+97%
Admin
$340,211
$274,180
-19%
Fundraising
$283,007
$241,425
-15%
Total Expenses
$1,060,166
$1,376,873
+30%
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