COLUMBIA MUSEUM OF ART

Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$5,564,176
Contributions
44%
Government Grants
31%
Membership Dues
8%
Program Services
7%
Other
5%
Investments
4%
Fundraising Events
1%
Expenses in 2024
$5,677,085
Salaries & Benefits
53%
Other
39%
Grants
6%
Fees to Service Providers
1%
Offices, Occupancy & IT
1%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$2,811,560
$2,436,753
-13%
Government Grants
$1,591,705
$1,699,998
+7%
Fundraising Events
$151,050
$82,000
-46%
Program Services
$344,549
$415,149
+20%
Membership Dues
$462,949
$433,873
-6%
Investments
$232,079
$197,428
-15%
Other
$870,947
$298,975
-66%
Total Revenues
$6,464,839
$5,564,176
-14%
Expenses
2023
2024
Change
Grants
$172,789
$312,292
+81%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,692,427
$3,003,230
+12%
Fees to Service Providers
$36,275
$80,729
+123%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$108,911
$78,936
-28%
Interest
$3,753
$14,410
+284%
Depreciation
$0
$0
-
Other
$2,035,378
$2,187,488
+7%
Total Expenses
$5,049,533
$5,677,085
+12%
Net income
2023
2024
Change
Net income
+$1,415,306
-$112,909
-108%
Functional Expenses
Summary
2023
2024
Change
Program
$2,705,393
$3,363,691
+24%
Admin
$1,649,742
$1,681,022
+2%
Fundraising
$694,398
$632,372
-9%
Total Expenses
$5,049,533
$5,677,085
+12%
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