SPEED ART MUSEUM
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$17,055,129
Contributions
65%
Other
15%
Investments
12%
Fundraising Events
5%
Program Services
3%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$16,899,970
Salaries & Benefits
40%
Other
26%
Depreciation
18%
Offices, Occupancy & IT
13%
Fees to Service Providers
3%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$7,059,404
$11,119,175
+58%
Government Grants
$781,449
$0
-100%
Fundraising Events
$1,043,698
$781,189
-25%
Program Services
$549,276
$544,556
-1%
Membership Dues
$0
$0
-
Investments
$2,562,274
$2,086,338
-19%
Other
$1,060,576
$2,523,871
+138%
Total Revenues
$13,056,677
$17,055,129
+31%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,272,156
$6,676,537
+6%
Fees to Service Providers
$415,777
$521,953
+26%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$2,218,507
$2,117,565
-5%
Interest
$0
$0
-
Depreciation
$3,090,157
$3,114,235
+1%
Other
$3,532,927
$4,469,680
+27%
Total Expenses
$15,529,524
$16,899,970
+9%
Net income
2023
2024
Change
Net income
-$2,472,847
+$155,159
-106%
Functional Expenses
Summary
2023
2024
Change
Program
$11,892,771
$12,437,659
+5%
Admin
$2,523,041
$3,133,097
+24%
Fundraising
$1,113,712
$1,329,214
+19%
Total Expenses
$15,529,524
$16,899,970
+9%
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