ANNAPOLIS MARITIME MUSEUM INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,239,837
Contributions
45%
Program Services
28%
Other
11%
Fundraising Events
8%
Membership Dues
5%
Investments
4%
Government Grants
0%
Expenses in 2024
$2,570,517
Salaries & Benefits
49%
Other
21%
Depreciation
14%
Fees to Service Providers
8%
Offices, Occupancy & IT
5%
Advertising & Promotion
2%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,045,193
$1,444,346
+38%
Government Grants
$308,558
$0
-100%
Fundraising Events
$275,382
$252,014
-8%
Program Services
$832,575
$901,701
+8%
Membership Dues
$156,945
$164,707
+5%
Investments
$192,779
$132,902
-31%
Other
$328,722
$344,167
+5%
Total Revenues
$3,140,154
$3,239,837
+3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,248,692
$1,253,879
+0%
Fees to Service Providers
$187,257
$216,117
+15%
Advertising & Promotion
$59,015
$61,649
+4%
Offices, Occupancy & IT
$126,975
$133,378
+5%
Interest
$0
$0
-
Depreciation
$259,724
$353,230
+36%
Other
$796,083
$552,264
-31%
Total Expenses
$2,677,746
$2,570,517
-4%
Net income
2023
2024
Change
Net income
+$462,408
+$669,320
+45%
Functional Expenses
Summary
2023
2024
Change
Program
$2,201,421
$2,119,017
-4%
Admin
$291,057
$263,531
-9%
Fundraising
$185,268
$187,969
+1%
Total Expenses
$2,677,746
$2,570,517
-4%
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