Wichita Art Museum Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$7,649,976
Contributions
44%
Government Grants
32%
Investments
16%
Other
4%
Membership Dues
3%
Fundraising Events
0%
Program Services
0%
Expenses in 2024
$7,021,758
Grants
36%
Other
33%
Salaries & Benefits
31%
Advertising & Promotion
<1%
Benefits to Members
0%
Fees to Service Providers
0%
Offices, Occupancy & IT
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$2,432,042
$3,388,957
+39%
Government Grants
$2,615,769
$2,481,123
-5%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$259,152
$236,640
-9%
Investments
$1,357,981
$1,242,818
-8%
Other
$10,698,998
$300,438
-97%
Total Revenues
$17,363,942
$7,649,976
-56%
Expenses
2023
2024
Change
Grants
$1,872,482
$2,500,494
+34%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,481,277
$2,175,697
-12%
Fees to Service Providers
$0
$0
-
Advertising & Promotion
$37,369
$52,698
+41%
Offices, Occupancy & IT
$0
$0
-
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$2,749,502
$2,292,869
-17%
Total Expenses
$7,140,630
$7,021,758
-2%
Net income
2023
2024
Change
Net income
+$10,223,312
+$628,218
-94%
Functional Expenses
Summary
2023
2024
Change
Program
$4,714,379
$5,094,437
+8%
Admin
$1,413,658
$923,059
-35%
Fundraising
$1,012,593
$1,004,262
-1%
Total Expenses
$7,140,630
$7,021,758
-2%
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