MUHAMMAD ALI MUSEUM AND EDUCATION CENTER
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$6,026,135
Other
46%
Contributions
29%
Program Services
15%
Fundraising Events
8%
Investments
2%
Membership Dues
<1%
Government Grants
<1%
Expenses in 2024
$8,615,595
Other
34%
Salaries & Benefits
30%
Depreciation
16%
Offices, Occupancy & IT
11%
Fees to Service Providers
9%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,472,408
$1,739,273
+18%
Government Grants
$0
$18,875
-
Fundraising Events
$0
$472,900
-
Program Services
$853,447
$907,463
+6%
Membership Dues
$4,961
$24,608
+396%
Investments
$105,881
$94,535
-11%
Other
$1,157,311
$2,768,481
+139%
Total Revenues
$3,594,008
$6,026,135
+68%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,388,934
$2,599,330
+9%
Fees to Service Providers
$259,869
$778,713
+200%
Advertising & Promotion
$35,532
$28,474
-20%
Offices, Occupancy & IT
$767,427
$913,200
+19%
Interest
$0
$567
-
Depreciation
$1,361,607
$1,368,128
+0%
Other
$513,668
$2,927,183
+470%
Total Expenses
$5,327,037
$8,615,595
+62%
Net income
2023
2024
Change
Net income
-$1,733,029
-$2,589,460
-49%
Functional Expenses
Summary
2023
2024
Change
Program
$4,365,550
$7,300,736
+67%
Admin
$581,679
$997,756
+72%
Fundraising
$379,808
$317,103
-17%
Total Expenses
$5,327,037
$8,615,595
+62%
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