BOCA RATON MUSEUM OF ART
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$6,749,879
Contributions
48%
Program Services
20%
Government Grants
11%
Other
9%
Investments
4%
Fundraising Events
4%
Membership Dues
4%
Expenses in 2024
$8,156,091
Salaries & Benefits
41%
Other
26%
Fees to Service Providers
16%
Depreciation
8%
Advertising & Promotion
5%
Grants
3%
Interest
<1%
Benefits to Members
0%
Offices, Occupancy & IT
0%
Revenues
2023
2024
Change
Contributions
$1,625,344
$3,233,748
+99%
Government Grants
$580,710
$712,441
+23%
Fundraising Events
$575,633
$291,983
-49%
Program Services
$1,510,077
$1,344,320
-11%
Membership Dues
$366,230
$287,909
-21%
Investments
$244,074
$300,916
+23%
Other
-$851,204
$578,562
-168%
Total Revenues
$4,050,864
$6,749,879
+67%
Expenses
2023
2024
Change
Grants
$755,006
$212,649
-72%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,157,045
$3,373,632
+7%
Fees to Service Providers
$813,182
$1,341,271
+65%
Advertising & Promotion
$237,158
$390,733
+65%
Offices, Occupancy & IT
$153,656
$0
-100%
Interest
$18,625
$23,330
+25%
Depreciation
$678,228
$670,256
-1%
Other
$2,265,093
$2,144,220
-5%
Total Expenses
$8,077,993
$8,156,091
+1%
Net income
2023
2024
Change
Net income
-$4,027,129
-$1,406,212
+65%
Functional Expenses
Summary
2023
2024
Change
Program
$5,426,518
$5,279,176
-3%
Admin
$1,279,983
$1,594,759
+25%
Fundraising
$1,371,492
$1,282,156
-7%
Total Expenses
$8,077,993
$8,156,091
+1%
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