AMERICAN ASSOCIATION OF MUSEUMS
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$10,908,160
Program Services
72%
Contributions
13%
Government Grants
13%
Investments
2%
Other
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$10,717,931
Salaries & Benefits
43%
Offices, Occupancy & IT
19%
Fees to Service Providers
19%
Other
17%
Depreciation
2%
Grants
1%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$845,116
$1,374,593
+63%
Government Grants
$732,024
$1,368,241
+87%
Fundraising Events
$0
$0
-
Program Services
$7,928,700
$7,803,915
-2%
Membership Dues
$0
$0
-
Investments
$259,782
$239,793
-8%
Other
$96,638
$121,618
+26%
Total Revenues
$9,862,260
$10,908,160
+11%
Expenses
2023
2024
Change
Grants
$19,000
$138,000
+626%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,423,430
$4,592,552
+4%
Fees to Service Providers
$1,686,764
$1,993,192
+18%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$2,079,466
$1,999,843
-4%
Interest
$27
$46
+70%
Depreciation
$183,512
$167,058
-9%
Other
$1,896,247
$1,827,240
-4%
Total Expenses
$10,288,446
$10,717,931
+4%
Net income
2023
2024
Change
Net income
-$426,186
+$190,229
-145%
Functional Expenses
Summary
2023
2024
Change
Program
$6,791,003
$7,153,075
+5%
Admin
$2,965,426
$3,121,901
+5%
Fundraising
$532,017
$442,955
-17%
Total Expenses
$10,288,446
$10,717,931
+4%
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