Tacoma Art Museum
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,350,463
Contributions
35%
Other
19%
Investments
18%
Program Services
13%
Government Grants
8%
Fundraising Events
7%
Membership Dues
0%
Expenses in 2024
$5,597,439
Salaries & Benefits
48%
Depreciation
23%
Fees to Service Providers
11%
Other
8%
Offices, Occupancy & IT
8%
Advertising & Promotion
1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,172,663
$1,157,259
-47%
Government Grants
$387,250
$265,000
-32%
Fundraising Events
$226,408
$236,178
+4%
Program Services
$240,223
$450,668
+88%
Membership Dues
$0
$0
-
Investments
$667,271
$601,640
-10%
Other
-$2,424,306
$639,718
-126%
Total Revenues
$1,269,509
$3,350,463
+164%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,809,647
$2,677,673
-5%
Fees to Service Providers
$863,190
$623,303
-28%
Advertising & Promotion
$57,227
$57,668
+1%
Offices, Occupancy & IT
$460,219
$455,554
-1%
Interest
$108,412
$34,970
-68%
Depreciation
$1,299,170
$1,281,560
-1%
Other
$641,494
$466,711
-27%
Total Expenses
$6,239,359
$5,597,439
-10%
Net income
2023
2024
Change
Net income
-$4,969,850
-$2,246,976
+55%
Functional Expenses
Summary
2023
2024
Change
Program
$3,624,921
$3,044,640
-16%
Admin
$1,823,061
$2,024,894
+11%
Fundraising
$791,377
$527,905
-33%
Total Expenses
$6,239,359
$5,597,439
-10%
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