MISSISSIPPI MUSEUM OF ART INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$6,270,224
Contributions
60%
Government Grants
23%
Other
11%
Membership Dues
5%
Program Services
1%
Fundraising Events
0%
Investments
0%
Expenses in 2024
$6,092,966
Salaries & Benefits
42%
Fees to Service Providers
25%
Other
19%
Advertising & Promotion
5%
Offices, Occupancy & IT
4%
Depreciation
4%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,181,318
$3,753,640
+72%
Government Grants
$293,415
$1,441,043
+391%
Fundraising Events
$0
$0
-
Program Services
$129,391
$89,649
-31%
Membership Dues
$321,238
$326,252
+2%
Investments
$0
$0
-
Other
$766,944
$659,640
-14%
Total Revenues
$3,692,306
$6,270,224
+70%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,431,554
$2,551,357
+5%
Fees to Service Providers
$843,249
$1,497,368
+78%
Advertising & Promotion
$86,668
$328,737
+279%
Offices, Occupancy & IT
$267,952
$263,583
-2%
Interest
$72,168
$55,526
-23%
Depreciation
$189,187
$224,890
+19%
Other
$958,036
$1,171,505
+22%
Total Expenses
$4,848,814
$6,092,966
+26%
Net income
2023
2024
Change
Net income
-$1,156,508
+$177,258
-115%
Functional Expenses
Summary
2023
2024
Change
Program
$4,240,832
$5,415,084
+28%
Admin
$313,405
$348,693
+11%
Fundraising
$294,577
$329,189
+12%
Total Expenses
$4,848,814
$6,092,966
+26%
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