VERO BEACH MUSEUM OF ART INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$17,125,571
Contributions
60%
Membership Dues
11%
Other
10%
Investments
9%
Program Services
5%
Fundraising Events
4%
Government Grants
<1%
Expenses in 2024
$7,613,190
Salaries & Benefits
44%
Offices, Occupancy & IT
22%
Other
19%
Depreciation
9%
Fees to Service Providers
4%
Advertising & Promotion
2%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$15,912,705
$10,338,554
-35%
Government Grants
$156,000
$101,998
-35%
Fundraising Events
$550,250
$628,876
+14%
Program Services
$694,495
$845,811
+22%
Membership Dues
$1,737,314
$1,907,164
+10%
Investments
$1,409,562
$1,625,448
+15%
Other
$1,366,116
$1,677,720
+23%
Total Revenues
$21,826,442
$17,125,571
-22%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$441,629
$3,316,822
+651%
Fees to Service Providers
$2,999,437
$329,605
-89%
Advertising & Promotion
$150,523
$159,567
+6%
Offices, Occupancy & IT
$1,606,145
$1,656,557
+3%
Interest
$0
$53
-
Depreciation
$700,794
$713,615
+2%
Other
$844,043
$1,436,971
+70%
Total Expenses
$6,742,571
$7,613,190
+13%
Net income
2023
2024
Change
Net income
+$15,083,871
+$9,512,381
-37%
Functional Expenses
Summary
2023
2024
Change
Program
$4,342,808
$4,943,239
+14%
Admin
$1,274,036
$1,337,992
+5%
Fundraising
$1,125,727
$1,331,959
+18%
Total Expenses
$6,742,571
$7,613,190
+13%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)