DELAWARE ART MUSEUM INC

Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$6,326,095
Contributions
46%
Government Grants
15%
Other
14%
Investments
12%
Program Services
8%
Membership Dues
3%
Fundraising Events
1%
Expenses in 2024
$6,160,440
Other
81%
Depreciation
11%
Salaries & Benefits
4%
Offices, Occupancy & IT
2%
Advertising & Promotion
1%
Grants
0%
Benefits to Members
0%
Fees to Service Providers
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,359,211
$2,939,046
-13%
Government Grants
$1,441,620
$960,024
-33%
Fundraising Events
$84,045
$80,950
-4%
Program Services
$477,726
$515,040
+8%
Membership Dues
$182,604
$183,740
+1%
Investments
$683,405
$782,345
+14%
Other
-$1,104,230
$864,950
-178%
Total Revenues
$5,124,381
$6,326,095
+23%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$250,111
$261,330
+4%
Fees to Service Providers
$0
$0
-
Advertising & Promotion
$97,142
$79,082
-19%
Offices, Occupancy & IT
$86,382
$99,948
+16%
Interest
$0
$0
-
Depreciation
$715,492
$707,982
-1%
Other
$5,169,042
$5,012,098
-3%
Total Expenses
$6,318,169
$6,160,440
-2%
Net income
2023
2024
Change
Net income
-$1,193,788
+$165,655
-114%
Functional Expenses
Summary
2023
2024
Change
Program
$4,578,492
$4,137,773
-10%
Admin
$1,205,163
$1,413,567
+17%
Fundraising
$534,514
$609,100
+14%
Total Expenses
$6,318,169
$6,160,440
-2%
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