The Museum’s total revenue for fiscal year 2003 was $8,007,575. This was the second consecutive fiscal year in which the Museum broke the $8 million mark. While the contributed revenue and services income total
of $4,704,168 was down slightly from the previous year, it still accounted for well over half of the Museum’s total revenue. The combined total of Great Hall events and Museum Shop sales remained virtually constant with last year, while other earned income increased from four percent to ten percent of total
revenue, due to a record-setting performance for education program fees and a strong portfolio return on investment income.
The Museum’s total expenses for 2003
were $8,048,003. The overwhelming
majority of these expenses went directly towards exhibitions, educational activities, and other programming.
While Museum expenses slightly outdistanced revenue in fiscal year 2003 because of expenditures against income raised in prior years for temporarily restricted programs, the Museum strengthened its unrestricted net asset position by $200,717, or by 22 percent. |