Wayne Art Center
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,135,846
Program Services
75%
Contributions
19%
Government Grants
4%
Investments
2%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$2,353,748
Other
45%
Salaries & Benefits
28%
Offices, Occupancy & IT
12%
Fees to Service Providers
8%
Depreciation
5%
Interest
1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$470,361
$582,598
+24%
Government Grants
$25,000
$123,034
+392%
Fundraising Events
$0
$0
-
Program Services
$2,129,830
$2,353,940
+11%
Membership Dues
$0
$0
-
Investments
$28,540
$76,274
+167%
Other
$0
$0
-
Total Revenues
$2,653,731
$3,135,846
+18%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$262,590
$658,860
+151%
Fees to Service Providers
$156,467
$194,630
+24%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$273,639
$289,089
+6%
Interest
$32,853
$30,621
-7%
Depreciation
$119,843
$127,293
+6%
Other
$1,307,593
$1,053,255
-19%
Total Expenses
$2,152,985
$2,353,748
+9%
Net income
2023
2024
Change
Net income
+$500,746
+$782,098
+56%
Functional Expenses
Summary
2023
2024
Change
Program
$1,342,273
$1,479,096
+10%
Admin
$410,900
$449,602
+9%
Fundraising
$399,812
$425,050
+6%
Total Expenses
$2,152,985
$2,353,748
+9%
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