Memphis Brooks Museum of Art Inc
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$39,212,315
Contributions
81%
Government Grants
8%
Investments
7%
Other
1%
Fundraising Events
1%
Program Services
<1%
Membership Dues
<1%
Expenses in 2024
$7,417,503
Salaries & Benefits
54%
Other
15%
Fees to Service Providers
15%
Offices, Occupancy & IT
15%
Advertising & Promotion
1%
Depreciation
<1%
Grants
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$41,406,984
$31,935,919
-23%
Government Grants
$671,448
$3,202,901
+377%
Fundraising Events
$265,467
$486,480
+83%
Program Services
$37,400
$179,510
+380%
Membership Dues
$213,081
$152,771
-28%
Investments
$1,435,480
$2,690,566
+87%
Other
$286,043
$564,168
+97%
Total Revenues
$44,315,903
$39,212,315
-12%
Expenses
2023
2024
Change
Grants
$3,000
$1,500
-50%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,171,464
$4,005,376
+26%
Fees to Service Providers
$917,359
$1,107,679
+21%
Advertising & Promotion
$101,114
$81,954
-19%
Offices, Occupancy & IT
$1,145,802
$1,087,981
-5%
Interest
$0
$0
-
Depreciation
$62,097
$16,694
-73%
Other
$886,964
$1,116,319
+26%
Total Expenses
$6,287,800
$7,417,503
+18%
Net income
2023
2024
Change
Net income
+$38,028,103
+$31,794,812
-16%
Functional Expenses
Summary
2023
2024
Change
Program
$5,522,086
$4,696,659
-15%
Admin
$765,599
$2,088,660
+173%
Fundraising
$115
$632,184
+549625%
Total Expenses
$6,287,800
$7,417,503
+18%
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