VISUAL ARTS CENTER OF NEW JERSEY
VISUAL ARTS CENTER OF NEW JERSEY
VISUAL ARTS CENTER OF NEW JERSEY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,136,551
Program Services
57%
Contributions
20%
Fundraising Events
9%
Investments
6%
Government Grants
6%
Membership Dues
2%
Other
<1%
Expenses in 2024
$2,904,391
Salaries & Benefits
65%
Other
19%
Depreciation
7%
Fees to Service Providers
7%
Interest
2%
Offices, Occupancy & IT
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,471,051
$621,348
-58%
Government Grants
$188,560
$173,976
-8%
Fundraising Events
$315,555
$290,989
-8%
Program Services
$1,738,748
$1,796,151
+3%
Membership Dues
$58,198
$52,352
-10%
Investments
$153,256
$199,606
+30%
Other
$11,726
$2,129
-82%
Total Revenues
$3,937,094
$3,136,551
-20%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,787,128
$1,878,190
+5%
Fees to Service Providers
$129,313
$189,297
+46%
Advertising & Promotion
$26,338
$18,878
-28%
Offices, Occupancy & IT
$30,150
$34,060
+13%
Interest
$50,118
$48,740
-3%
Depreciation
$189,177
$193,529
+2%
Other
$505,527
$541,697
+7%
Total Expenses
$2,717,751
$2,904,391
+7%
Net income
2023
2024
Change
Net income
+$1,219,343
+$232,160
-81%
Functional Expenses
Summary
2023
2024
Change
Program
$1,965,684
$2,054,582
+5%
Admin
$512,001
$586,986
+15%
Fundraising
$240,066
$262,823
+9%
Total Expenses
$2,717,751
$2,904,391
+7%
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