B&O RAILROAD MUSEUM INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$9,023,515
Contributions
51%
Program Services
23%
Other
14%
Government Grants
4%
Investments
3%
Fundraising Events
2%
Membership Dues
2%
Expenses in 2024
$6,845,960
Salaries & Benefits
41%
Other
19%
Fees to Service Providers
16%
Offices, Occupancy & IT
13%
Depreciation
10%
Interest
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$7,593,222
$4,606,697
-39%
Government Grants
$712,829
$386,493
-46%
Fundraising Events
$203,343
$180,450
-11%
Program Services
$1,935,955
$2,095,061
+8%
Membership Dues
$159,993
$152,259
-5%
Investments
$199,254
$298,824
+50%
Other
$802,134
$1,303,731
+63%
Total Revenues
$11,606,730
$9,023,515
-22%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,446,712
$2,802,913
+15%
Fees to Service Providers
$1,205,916
$1,068,501
-11%
Advertising & Promotion
$43,072
$49,526
+15%
Offices, Occupancy & IT
$827,168
$880,775
+6%
Interest
$56,976
$54,439
-4%
Depreciation
$569,029
$673,613
+18%
Other
$540,874
$1,316,193
+143%
Total Expenses
$5,689,747
$6,845,960
+20%
Net income
2023
2024
Change
Net income
+$5,916,983
+$2,177,555
-63%
Functional Expenses
Summary
2023
2024
Change
Program
$4,664,153
$5,627,578
+21%
Admin
$471,375
$539,002
+14%
Fundraising
$554,219
$679,380
+23%
Total Expenses
$5,689,747
$6,845,960
+20%
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