VIRGINIA HISTORICAL SOCIETY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$24,615,073
Contributions
76%
Government Grants
7%
Other
7%
Program Services
5%
Investments
4%
Membership Dues
2%
Fundraising Events
0%
Expenses in 2024
$14,020,028
Salaries & Benefits
40%
Other
19%
Depreciation
18%
Offices, Occupancy & IT
9%
Fees to Service Providers
8%
Grants
3%
Interest
2%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$7,024,604
$18,596,653
+165%
Government Grants
$0
$1,719,834
-
Fundraising Events
$0
$0
-
Program Services
$759,110
$1,284,504
+69%
Membership Dues
$405,648
$417,092
+3%
Investments
$391,231
$942,444
+141%
Other
$3,162,826
$1,654,546
-48%
Total Revenues
$11,743,419
$24,615,073
+110%
Expenses
2023
2024
Change
Grants
$401,206
$396,000
-1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,268,127
$5,662,050
+7%
Fees to Service Providers
$918,483
$1,134,063
+23%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,295,843
$1,307,871
+1%
Interest
$353,366
$319,561
-10%
Depreciation
$2,171,451
$2,508,769
+16%
Other
$2,337,463
$2,691,714
+15%
Total Expenses
$12,745,939
$14,020,028
+10%
Net income
2023
2024
Change
Net income
-$1,002,520
+$10,595,045
-1157%
Functional Expenses
Summary
2023
2024
Change
Program
$9,411,863
$10,518,717
+12%
Admin
$2,276,107
$2,349,224
+3%
Fundraising
$1,057,969
$1,152,087
+9%
Total Expenses
$12,745,939
$14,020,028
+10%
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