UTAH MUSEUM OF CONTEMPORARY ART
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,489,431
Government Grants
39%
Contributions
39%
Other
20%
Investments
1%
Program Services
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,183,562
Salaries & Benefits
54%
Other
22%
Offices, Occupancy & IT
8%
Fees to Service Providers
6%
Grants
5%
Advertising & Promotion
3%
Depreciation
1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$793,369
$582,438
-27%
Government Grants
$397,087
$585,247
+47%
Fundraising Events
$0
$0
-
Program Services
$6,873
$2,688
-61%
Membership Dues
$1,475
$0
-100%
Investments
$109
$21,058
+19219%
Other
$218,257
$298,000
+37%
Total Revenues
$1,417,170
$1,489,431
+5%
Expenses
2023
2024
Change
Grants
$0
$55,800
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$544,522
$637,194
+17%
Fees to Service Providers
$66,114
$74,890
+13%
Advertising & Promotion
$39,269
$37,367
-5%
Offices, Occupancy & IT
$87,488
$97,521
+11%
Interest
$4,154
$5,932
+43%
Depreciation
$18,088
$17,018
-6%
Other
$186,133
$257,840
+39%
Total Expenses
$945,768
$1,183,562
+25%
Net income
2023
2024
Change
Net income
+$471,402
+$305,869
-35%
Functional Expenses
Summary
2023
2024
Change
Program
$716,470
$943,641
+32%
Admin
$97,910
$111,587
+14%
Fundraising
$131,388
$128,334
-2%
Total Expenses
$945,768
$1,183,562
+25%
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