The Museum of Creative Arts had the following expenses: $4,000 of membership development expense, $2,000 of Fund-raising expense, $5,000 of Instructional Classes expense, and $1,000 of general and administrative expense. What is the program expense ratio rounded?

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Quizplus · Accepted Answer

The formula for the program expense ratio is program service expenses/total expenses. The ratio would be $5,000/$4,000 + $2,000 + $5,000 + $1,000= .4167 or 42%

The Museum of Creative Arts Had the Following Expenses: $4,000