NATIONAL ACADEMY OF DESIGN
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$6,117,026
Other
61%
Investments
34%
Contributions
4%
Fundraising Events
<1%
Government Grants
<1%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$3,587,125
Salaries & Benefits
39%
Offices, Occupancy & IT
29%
Fees to Service Providers
21%
Other
5%
Depreciation
4%
Grants
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$422,392
$261,406
-38%
Government Grants
$0
$25,000
-
Fundraising Events
$112,183
$34,725
-69%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$1,942,714
$2,081,406
+7%
Other
-$1,095,322
$3,714,489
-439%
Total Revenues
$1,381,967
$6,117,026
+343%
Expenses
2023
2024
Change
Grants
$73,860
$50,500
-32%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,419,757
$1,396,567
-2%
Fees to Service Providers
$675,006
$761,300
+13%
Advertising & Promotion
$6,280
$8,119
+29%
Offices, Occupancy & IT
$828,562
$1,055,888
+27%
Interest
$0
$0
-
Depreciation
$109,147
$126,147
+16%
Other
$226,044
$188,604
-17%
Total Expenses
$3,338,656
$3,587,125
+7%
Net income
2023
2024
Change
Net income
-$1,956,689
+$2,529,901
-229%
Functional Expenses
Summary
2023
2024
Change
Program
$1,847,137
$2,014,162
+9%
Admin
$1,116,405
$1,272,421
+14%
Fundraising
$375,114
$300,542
-20%
Total Expenses
$3,338,656
$3,587,125
+7%
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