Logo for "NEW ENGLAND FOUNDATION FOR THE ARTS,
INCORPORATED"

NEW ENGLAND FOUNDATION FOR THE ARTS, INCORPORATED

NEW ENGLAND FOUNDATION FOR THE ARTS, INCORPORATED

BOSTON, MA, US
a.k.a NEFA
501(c)(3)
EIN
04-2593591
Regional Funder
Women Led
BIPOC Led
LGBTQ+ Led
Logo for "NEW ENGLAND FOUNDATION FOR THE ARTS,
INCORPORATED"

NEW ENGLAND FOUNDATION FOR THE ARTS, INCORPORATED

BOSTON, MA, US
a.k.a NEFA
501(c)(3)
EIN
04-2593591
Regional Funder
Women Led
BIPOC Led
LGBTQ+ Led

Income Statement

Fiscal Year Start:
Jun 1
Revenues in 2024

$19,173,253

Contributions
76%
Government Grants
19%
Investments
3%
Other
1%
Program Services
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$11,869,972

Grants
38%
Salaries & Benefits
29%
Other
15%
Fees to Service Providers
10%
Offices, Occupancy & IT
5%
Depreciation
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,320,317
$14,600,937
+529%
Government Grants
$2,653,910
$3,618,695
+36%
Fundraising Events
$0
$0
-
Program Services
$112,103
$164,636
+47%
Membership Dues
$0
$0
-
Investments
$301,577
$517,186
+71%
Other
$775,477
$271,799
-65%
Total Revenues
$6,163,384
$19,173,253
+211%
Expenses
2023
2024
Change
Grants
$4,655,368
$4,565,516
-2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,142,942
$3,495,674
+11%
Fees to Service Providers
$1,226,017
$1,199,053
-2%
Advertising & Promotion
$115,332
$100,910
-13%
Offices, Occupancy & IT
$430,829
$623,077
+45%
Interest
$0
$0
-
Depreciation
$115,210
$134,173
+16%
Other
$1,017,374
$1,751,569
+72%
Total Expenses
$10,703,072
$11,869,972
+11%
Net income
2023
2024
Change
Net income
-$4,539,688
+$7,303,281
-261%
Functional Expenses
Summary
2023
2024
Change
Program
$8,460,509
$9,462,086
+12%
Admin
$1,924,356
$1,971,733
+2%
Fundraising
$318,207
$436,153
+37%
Total Expenses
$10,703,072
$11,869,972
+11%
Income Statement
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