FINE ARTS MUSEUMS FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$18,653,752
Contributions
57%
Investments
27%
Other
16%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$24,678,203
Other
37%
Grants
32%
Depreciation
24%
Fees to Service Providers
7%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$18,136,826
$10,642,806
-41%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$4,894,644
$4,993,643
+2%
Other
-$1,032,438
$3,017,303
-392%
Total Revenues
$21,999,032
$18,653,752
-15%
Expenses
2023
2024
Change
Grants
$5,977,500
$7,991,871
+34%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$1,270,275
$1,650,210
+30%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$6,599
$1,339
-80%
Interest
$0
$0
-
Depreciation
$5,891,969
$5,891,969
+0%
Other
$19,288,557
$9,142,814
-53%
Total Expenses
$32,434,900
$24,678,203
-24%
Net income
2023
2024
Change
Net income
-$10,435,868
-$6,024,451
+42%
Functional Expenses
Summary
2023
2024
Change
Program
$31,103,427
$22,821,108
-27%
Admin
$1,331,473
$1,857,095
+39%
Fundraising
$0
$0
-
Total Expenses
$32,434,900
$24,678,203
-24%
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