THE STUDIOS OF KEY WEST
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$2,719,109
Contributions
40%
Program Services
28%
Other
23%
Government Grants
5%
Membership Dues
2%
Fundraising Events
2%
Investments
<1%
Expenses in 2024
$2,721,492
Salaries & Benefits
40%
Offices, Occupancy & IT
16%
Depreciation
15%
Other
14%
Fees to Service Providers
9%
Advertising & Promotion
3%
Interest
2%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,159,547
$1,090,571
-6%
Government Grants
$189,104
$134,631
-29%
Fundraising Events
$33,082
$47,011
+42%
Program Services
$585,330
$766,945
+31%
Membership Dues
$47,259
$48,139
+2%
Investments
$804
$522
-35%
Other
$687,803
$631,290
-8%
Total Revenues
$2,702,929
$2,719,109
+1%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$993,001
$1,099,440
+11%
Fees to Service Providers
$250,564
$257,514
+3%
Advertising & Promotion
$87,971
$82,189
-7%
Offices, Occupancy & IT
$329,294
$433,349
+32%
Interest
$64,493
$62,583
-3%
Depreciation
$389,037
$412,787
+6%
Other
$349,536
$373,630
+7%
Total Expenses
$2,463,896
$2,721,492
+10%
Net income
2023
2024
Change
Net income
+$239,033
-$2,383
-101%
Functional Expenses
Summary
2023
2024
Change
Program
$1,951,863
$2,166,583
+11%
Admin
$395,585
$417,713
+6%
Fundraising
$116,448
$137,196
+18%
Total Expenses
$2,463,896
$2,721,492
+10%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)