VIRGINIA QUILT MUSEUM
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$330,421
Contributions
55%
Program Services
34%
Government Grants
9%
Investments
2%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$324,443
Salaries & Benefits
41%
Other
22%
Offices, Occupancy & IT
16%
Fees to Service Providers
9%
Advertising & Promotion
8%
Depreciation
3%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$83,088
$182,025
+119%
Government Grants
$2,115
$28,518
+1248%
Fundraising Events
$0
$0
-
Program Services
$120,301
$113,582
-6%
Membership Dues
$24,600
$0
-100%
Investments
-$1,330
$5,675
-527%
Other
$38,260
$621
-98%
Total Revenues
$267,034
$330,421
+24%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$122,178
$134,495
+10%
Fees to Service Providers
$14,477
$27,902
+93%
Advertising & Promotion
$39,316
$27,144
-31%
Offices, Occupancy & IT
$14,220
$52,254
+267%
Interest
$0
$0
-
Depreciation
$6,836
$10,203
+49%
Other
$64,962
$72,445
+12%
Total Expenses
$261,989
$324,443
+24%
Net income
2023
2024
Change
Net income
+$5,045
+$5,978
+18%
Functional Expenses
Summary
2023
2024
Change
Program
$116,236
$114,887
-1%
Admin
$114,894
$206,036
+79%
Fundraising
$30,859
$3,520
-89%
Total Expenses
$261,989
$324,443
+24%
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