HARLEM SCHOOL OF THE ARTS INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$6,291,036
Fundraising Events
33%
Program Services
32%
Contributions
26%
Other
4%
Government Grants
3%
Investments
1%
Membership Dues
0%
Expenses in 2024
$6,625,842
Salaries & Benefits
57%
Other
13%
Grants
10%
Depreciation
9%
Fees to Service Providers
8%
Offices, Occupancy & IT
3%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,726,771
$1,666,053
-39%
Government Grants
$243,233
$199,814
-18%
Fundraising Events
$464,036
$2,070,759
+346%
Program Services
$1,842,334
$2,013,463
+9%
Membership Dues
$0
$0
-
Investments
$152,138
$79,829
-48%
Other
$117,178
$261,118
+123%
Total Revenues
$5,545,690
$6,291,036
+13%
Expenses
2023
2024
Change
Grants
$715,000
$676,000
-5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,288,049
$3,777,110
+15%
Fees to Service Providers
$1,043,906
$498,521
-52%
Advertising & Promotion
$24,389
$8,689
-64%
Offices, Occupancy & IT
$236,858
$168,243
-29%
Interest
$11,481
$32,686
+185%
Depreciation
$580,413
$604,380
+4%
Other
$765,332
$860,213
+12%
Total Expenses
$6,665,428
$6,625,842
-1%
Net income
2023
2024
Change
Net income
-$1,119,738
-$334,806
+70%
Functional Expenses
Summary
2023
2024
Change
Program
$4,837,559
$5,064,307
+5%
Admin
$874,405
$637,234
-27%
Fundraising
$953,464
$924,301
-3%
Total Expenses
$6,665,428
$6,625,842
-1%
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