MARYLAND HISTORICAL SOCIETY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$5,060,115
Government Grants
29%
Other
25%
Contributions
14%
Investments
13%
Membership Dues
12%
Program Services
7%
Fundraising Events
0%
Expenses in 2024
$5,553,827
Salaries & Benefits
45%
Other
21%
Depreciation
11%
Offices, Occupancy & IT
11%
Fees to Service Providers
9%
Grants
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,223,493
$726,843
-41%
Government Grants
$1,398,772
$1,456,974
+4%
Fundraising Events
$0
$0
-
Program Services
$145,846
$335,363
+130%
Membership Dues
$468,140
$631,844
+35%
Investments
$571,573
$644,380
+13%
Other
$963,188
$1,264,711
+31%
Total Revenues
$4,771,012
$5,060,115
+6%
Expenses
2023
2024
Change
Grants
$201,000
$172,000
-14%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,617,944
$2,525,240
-4%
Fees to Service Providers
$486,482
$475,939
-2%
Advertising & Promotion
$36,378
$19,578
-46%
Offices, Occupancy & IT
$650,902
$601,381
-8%
Interest
$0
$0
-
Depreciation
$538,905
$618,739
+15%
Other
$1,170,834
$1,140,950
-3%
Total Expenses
$5,702,445
$5,553,827
-3%
Net income
2023
2024
Change
Net income
-$931,433
-$493,712
+47%
Functional Expenses
Summary
2023
2024
Change
Program
$3,975,724
$3,777,330
-5%
Admin
$1,294,963
$1,227,551
-5%
Fundraising
$431,758
$548,946
+27%
Total Expenses
$5,702,445
$5,553,827
-3%
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