THE NELSON GALLERY FOUNDATION
Income Statement
Fiscal Year Start:
May 1
Revenues in 2025
$55,555,683
Other
49%
Contributions
27%
Membership Dues
9%
Investments
6%
Fundraising Events
5%
Program Services
4%
Government Grants
0%
Expenses in 2025
$50,993,315
Salaries & Benefits
44%
Fees to Service Providers
16%
Depreciation
16%
Offices, Occupancy & IT
12%
Interest
7%
Other
3%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$11,196,353
$15,073,377
+35%
Government Grants
$1,212,450
$0
-100%
Fundraising Events
$2,825,064
$2,844,518
+1%
Program Services
$1,907,427
$2,023,850
+6%
Membership Dues
$4,473,547
$4,887,530
+9%
Investments
$2,910,767
$3,274,666
+13%
Other
$11,695,574
$27,451,742
+135%
Total Revenues
$36,221,182
$55,555,683
+53%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$20,491,146
$22,641,387
+10%
Fees to Service Providers
$7,542,052
$8,262,129
+10%
Advertising & Promotion
$617,970
$370,891
-40%
Offices, Occupancy & IT
$6,213,200
$6,250,369
+1%
Interest
$4,510,426
$3,783,352
-16%
Depreciation
$8,103,671
$8,221,134
+1%
Other
$1,512,539
$1,464,053
-3%
Total Expenses
$48,991,004
$50,993,315
+4%
Net income
2024
2025
Change
Net income
-$12,769,822
+$4,562,368
-136%
Functional Expenses
Summary
2024
2025
Change
Program
$34,811,156
$35,941,707
+3%
Admin
$8,085,859
$9,326,758
+15%
Fundraising
$6,093,989
$5,724,850
-6%
Total Expenses
$48,991,004
$50,993,315
+4%
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