THE AMERICAN FEDERATION OF ARTS INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,066,219
Program Services
53%
Contributions
17%
Other
17%
Investments
7%
Government Grants
4%
Fundraising Events
2%
Membership Dues
0%
Expenses in 2024
$3,809,199
Salaries & Benefits
55%
Other
25%
Offices, Occupancy & IT
9%
Fees to Service Providers
5%
Depreciation
5%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$312,966
$517,400
+65%
Government Grants
$206,510
$111,007
-46%
Fundraising Events
$40,400
$71,900
+78%
Program Services
$1,527,899
$1,638,363
+7%
Membership Dues
$0
$0
-
Investments
$215,773
$212,021
-2%
Other
$504,737
$515,528
+2%
Total Revenues
$2,808,285
$3,066,219
+9%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,893,986
$2,106,736
+11%
Fees to Service Providers
$223,939
$203,007
-9%
Advertising & Promotion
$25,079
$16,426
-35%
Offices, Occupancy & IT
$383,048
$349,045
-9%
Interest
$0
$0
-
Depreciation
$183,295
$182,334
-1%
Other
$795,246
$951,651
+20%
Total Expenses
$3,504,593
$3,809,199
+9%
Net income
2023
2024
Change
Net income
-$696,308
-$742,980
-7%
Functional Expenses
Summary
2023
2024
Change
Program
$1,917,068
$2,131,114
+11%
Admin
$1,047,306
$1,161,224
+11%
Fundraising
$540,219
$516,861
-4%
Total Expenses
$3,504,593
$3,809,199
+9%
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