PALM SPRINGS ART MUSEUM
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$9,732,898
Contributions
45%
Program Services
20%
Other
11%
Fundraising Events
10%
Government Grants
8%
Investments
6%
Membership Dues
0%
Expenses in 2024
$11,442,380
Salaries & Benefits
49%
Other
25%
Fees to Service Providers
11%
Offices, Occupancy & IT
8%
Depreciation
6%
Interest
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,076,867
$4,362,272
+7%
Government Grants
$725,000
$786,420
+8%
Fundraising Events
$878,775
$1,011,086
+15%
Program Services
$1,338,152
$1,910,142
+43%
Membership Dues
$0
$0
-
Investments
$378,266
$600,041
+59%
Other
-$26,044
$1,062,937
-4181%
Total Revenues
$7,371,016
$9,732,898
+32%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,136,050
$5,641,269
+36%
Fees to Service Providers
$1,296,383
$1,313,562
+1%
Advertising & Promotion
$11,891
$15,561
+31%
Offices, Occupancy & IT
$546,260
$909,640
+67%
Interest
$21,588
$57,442
+166%
Depreciation
$450,220
$647,059
+44%
Other
$1,376,960
$2,857,847
+108%
Total Expenses
$7,839,352
$11,442,380
+46%
Net income
2023
2024
Change
Net income
-$468,336
-$1,709,482
-265%
Functional Expenses
Summary
2023
2024
Change
Program
$5,878,225
$7,585,811
+29%
Admin
$1,477,042
$3,151,685
+113%
Fundraising
$484,085
$704,884
+46%
Total Expenses
$7,839,352
$11,442,380
+46%
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