The Penn Museum is funded through a variety of sources, including investment income (managed with the Unviversity of Pennsylvania endowments); gifts from individuals, foundations, and corporations; grants; subvention from the University of Pennsylvania; and earned revenue from admissions, catering and rental fees, artifact loan fees, traveling exhibitions fees, publications, and K-12 and public programs.
Total Revenue
Total Expenditures
Revenue
Source
FY18
FY19
Investment Income
$4,951,440
$5,032,623
Gift Income
$6,682,695
$7,564,342
Sponsored Program Revenue
$864,002
$679,705
University Subvention
$9,635,000
$9,636,000
Earned Revenue and Resource Transfers
$1,911,444
$1,542,965
Total Revenue
$24,044,581
$24,782,635
Expenditures
Source
FY18
FY19
Total Compensation
$11,251,054
$11,159,593
Current Expense
Source
FY18
FY19
Traveling Exhibits and Loan Costs, Other Travel and Entertainment
$738,849
$748,890
Supplies & Minor Expense
$533,986
$725,505
Non-Capitalized Equipment
$181,785
$172,901
Rentals & Leases
$(242,379)
$(168,625)
Communications & Computing
$582,291
$503,772
Professional & Other Services
$4,687,883
$3,586,602
Operations & Maintenance
$2,022,358
$1,387,208
Other Current Expense
$82,845
$87,568
Total Current Expense
$8,587,618
$7,043,821
Source
FY18
FY19
Capital Transactions
$2,360,716
$745,607
Source
FY18
FY19
Internal Penn Income (Expense Credits)
$(813,737)
$(773,554)
University Allocated Costs
FY18
FY19
Library Charges
$806,000
$834,000
Facilities Maintenance Charges
$2,962,000
$3,026,000
University Services Charges
$1,471,000
$1,499,000
Development Charges
$1,398,000
$1,450,000
Research Charges
$4,000
$4,000
Total University Allocated Costs
$6,641,000
$6,813,000
Source
FY18
FY19
Total Expenditures
$28,026,651
$24,988,467
Source
FY18
FY19
Total Operating Surplus/(Deficit)
$(3,982,071)
$(205,832)
June 30, 2019 (with comparative totals for the year ended June 30, 2018). The fluctuation in performance from Fiscal Year 2018 to Fiscal Year 2019 was driven primarily by transactions relating to capital projects and new galleries and their associated timing of funding.
