KNOXVILLE MUSEUM OF ART
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$3,250,828
Fundraising Events
44%
Contributions
23%
Other
11%
Government Grants
8%
Investments
7%
Membership Dues
6%
Program Services
2%
Expenses in 2025
$3,322,687
Salaries & Benefits
49%
Other
23%
Depreciation
18%
Offices, Occupancy & IT
7%
Fees to Service Providers
3%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$1,007,125
$741,969
-26%
Government Grants
$659,066
$247,250
-62%
Fundraising Events
$1,360,852
$1,433,655
+5%
Program Services
$83,870
$57,170
-32%
Membership Dues
$172,031
$181,339
+5%
Investments
$101,581
$222,554
+119%
Other
$101,937
$366,891
+260%
Total Revenues
$3,486,462
$3,250,828
-7%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,596,973
$1,629,142
+2%
Fees to Service Providers
$119,094
$104,931
-12%
Advertising & Promotion
$40,735
$13,777
-66%
Offices, Occupancy & IT
$229,137
$228,364
0%
Interest
$0
$0
-
Depreciation
$586,389
$592,495
+1%
Other
$661,792
$753,978
+14%
Total Expenses
$3,234,120
$3,322,687
+3%
Net income
2024
2025
Change
Net income
+$252,342
-$71,859
-128%
Functional Expenses
Summary
2024
2025
Change
Program
$2,288,402
$2,413,740
+5%
Admin
$498,197
$432,865
-13%
Fundraising
$447,521
$476,082
+6%
Total Expenses
$3,234,120
$3,322,687
+3%
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