THE MUSEUM OF FINE ARTS HOUSTON
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$226,771,106
Other
65%
Investments
17%
Contributions
12%
Program Services
5%
Fundraising Events
1%
Government Grants
<1%
Membership Dues
0%
Expenses in 2024
$149,774,624
Other
36%
Salaries & Benefits
33%
Depreciation
15%
Offices, Occupancy & IT
6%
Fees to Service Providers
6%
Interest
2%
Advertising & Promotion
1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$28,394,090
$26,478,337
-7%
Government Grants
$772,475
$1,004,870
+30%
Fundraising Events
$4,585,188
$3,312,848
-28%
Program Services
$10,401,282
$11,134,783
+7%
Membership Dues
$0
$0
-
Investments
$35,285,932
$37,614,644
+7%
Other
$68,542,296
$147,225,624
+115%
Total Revenues
$147,981,263
$226,771,106
+53%
Expenses
2023
2024
Change
Grants
$110,593
$158,440
+43%
Benefits to Members
$0
$0
-
Salaries & Benefits
$41,698,817
$49,862,781
+20%
Fees to Service Providers
$7,746,551
$9,185,857
+19%
Advertising & Promotion
$1,853,671
$1,905,805
+3%
Offices, Occupancy & IT
$9,321,314
$9,541,297
+2%
Interest
$2,882,059
$2,884,134
+0%
Depreciation
$20,416,557
$22,533,103
+10%
Other
$37,273,841
$53,703,207
+44%
Total Expenses
$121,303,403
$149,774,624
+23%
Net income
2023
2024
Change
Net income
+$26,677,860
+$76,996,482
+189%
Functional Expenses
Summary
2023
2024
Change
Program
$97,225,975
$114,855,259
+18%
Admin
$18,756,401
$29,260,330
+56%
Fundraising
$5,321,027
$5,659,035
+6%
Total Expenses
$121,303,403
$149,774,624
+23%
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