NEWARK SCHOOL OF THE ARTS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,076,324
Program Services
40%
Contributions
33%
Government Grants
25%
Fundraising Events
2%
Investments
<1%
Membership Dues
0%
Other
0%
Expenses in 2024
$1,378,399
Salaries & Benefits
75%
Other
6%
Grants
6%
Offices, Occupancy & IT
4%
Depreciation
4%
Fees to Service Providers
3%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$521,771
$356,895
-32%
Government Grants
$220,700
$269,184
+22%
Fundraising Events
$13,675
$17,589
+29%
Program Services
$297,040
$431,296
+45%
Membership Dues
$0
$0
-
Investments
$970
$1,360
+40%
Other
$0
$0
-
Total Revenues
$1,054,156
$1,076,324
+2%
Expenses
2023
2024
Change
Grants
$66,732
$79,986
+20%
Benefits to Members
$0
$0
-
Salaries & Benefits
$848,166
$1,039,311
+23%
Fees to Service Providers
$55,393
$37,388
-33%
Advertising & Promotion
$3,889
$5,727
+47%
Offices, Occupancy & IT
$49,562
$59,224
+19%
Interest
$12,295
$8,830
-28%
Depreciation
$57,175
$58,441
+2%
Other
$99,303
$89,492
-10%
Total Expenses
$1,192,515
$1,378,399
+16%
Net income
2023
2024
Change
Net income
-$138,359
-$302,075
-118%
Functional Expenses
Summary
2023
2024
Change
Program
$820,351
$1,005,273
+23%
Admin
$306,359
$315,107
+3%
Fundraising
$65,805
$58,019
-12%
Total Expenses
$1,192,515
$1,378,399
+16%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)