PHOENIX ART MUSEUM
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$12,500,631
Contributions
39%
Program Services
30%
Other
17%
Fundraising Events
8%
Membership Dues
3%
Investments
2%
Government Grants
<1%
Expenses in 2024
$15,917,111
Salaries & Benefits
54%
Other
23%
Offices, Occupancy & IT
11%
Fees to Service Providers
8%
Advertising & Promotion
3%
Depreciation
2%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,280,577
$4,935,971
+15%
Government Grants
$91,000
$102,400
+13%
Fundraising Events
$576,988
$1,031,200
+79%
Program Services
$2,815,872
$3,697,208
+31%
Membership Dues
$438,350
$362,710
-17%
Investments
$74,064
$230,056
+211%
Other
$2,061,741
$2,141,086
+4%
Total Revenues
$10,338,592
$12,500,631
+21%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,931,283
$8,532,863
+23%
Fees to Service Providers
$1,104,897
$1,303,173
+18%
Advertising & Promotion
$300,413
$445,808
+48%
Offices, Occupancy & IT
$1,138,118
$1,724,226
+51%
Interest
$31,736
$26,845
-15%
Depreciation
$387,644
$273,482
-29%
Other
$1,975,977
$3,610,714
+83%
Total Expenses
$11,870,068
$15,917,111
+34%
Net income
2023
2024
Change
Net income
-$1,531,476
-$3,416,480
-123%
Functional Expenses
Summary
2023
2024
Change
Program
$7,868,008
$11,797,129
+50%
Admin
$2,199,937
$2,510,712
+14%
Fundraising
$1,802,123
$1,609,270
-11%
Total Expenses
$11,870,068
$15,917,111
+34%
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