STERLING AND FRANCINE CLARK ART INSTITUTE
STERLING AND FRANCINE CLARK ART INSTITUTE
STERLING AND FRANCINE CLARK ART INSTITUTE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$27,133,279
Contributions
85%
Program Services
6%
Membership Dues
5%
Investments
3%
Government Grants
<1%
Other
<1%
Fundraising Events
0%
Expenses in 2024
$34,235,671
Salaries & Benefits
34%
Depreciation
20%
Other
17%
Offices, Occupancy & IT
12%
Interest
7%
Fees to Service Providers
7%
Advertising & Promotion
1%
Grants
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,787,816
$23,086,925
+299%
Government Grants
$650,000
$190,000
-71%
Fundraising Events
$0
$0
-
Program Services
$1,248,851
$1,570,080
+26%
Membership Dues
$1,292,585
$1,281,573
-1%
Investments
$1,815,109
$949,328
-48%
Other
-$69,762
$55,373
-179%
Total Revenues
$10,724,599
$27,133,279
+153%
Expenses
2023
2024
Change
Grants
$774,000
$369,429
-52%
Benefits to Members
$0
$0
-
Salaries & Benefits
$10,106,065
$11,596,611
+15%
Fees to Service Providers
$1,675,368
$2,261,776
+35%
Advertising & Promotion
$394,763
$457,947
+16%
Offices, Occupancy & IT
$3,207,560
$4,029,925
+26%
Interest
$2,459,165
$2,558,902
+4%
Depreciation
$6,983,094
$7,003,291
+0%
Other
$5,950,888
$5,957,790
+0%
Total Expenses
$31,550,903
$34,235,671
+9%
Net income
2023
2024
Change
Net income
-$20,826,304
-$7,102,392
+66%
Functional Expenses
Summary
2023
2024
Change
Program
$24,878,007
$26,175,875
+5%
Admin
$4,828,271
$5,567,195
+15%
Fundraising
$1,844,625
$2,492,601
+35%
Total Expenses
$31,550,903
$34,235,671
+9%
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