WOLF TRAP FOUNDATION FOR THE PERFORMING ARTS
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$62,548,638
Program Services
54%
Contributions
27%
Government Grants
6%
Other
5%
Investments
4%
Fundraising Events
3%
Membership Dues
0%
Expenses in 2024
$73,791,026
Other
34%
Fees to Service Providers
29%
Salaries & Benefits
26%
Offices, Occupancy & IT
5%
Advertising & Promotion
4%
Depreciation
2%
Grants
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$29,650,885
$16,829,190
-43%
Government Grants
$2,184,010
$3,978,066
+82%
Fundraising Events
$2,093,013
$2,115,156
+1%
Program Services
$35,038,578
$34,070,980
-3%
Membership Dues
$0
$0
-
Investments
$2,396,676
$2,567,233
+7%
Other
$1,191,938
$2,988,013
+151%
Total Revenues
$72,555,100
$62,548,638
-14%
Expenses
2023
2024
Change
Grants
$75,060
$78,654
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$17,210,318
$18,881,545
+10%
Fees to Service Providers
$11,916,720
$21,602,553
+81%
Advertising & Promotion
$2,843,122
$3,156,956
+11%
Offices, Occupancy & IT
$3,118,796
$3,705,059
+19%
Interest
$0
$0
-
Depreciation
$1,059,104
$1,418,447
+34%
Other
$25,296,327
$24,947,812
-1%
Total Expenses
$61,519,447
$73,791,026
+20%
Net income
2023
2024
Change
Net income
+$11,035,653
-$11,242,388
-202%
Functional Expenses
Summary
2023
2024
Change
Program
$51,881,964
$62,964,539
+21%
Admin
$3,751,653
$4,483,224
+19%
Fundraising
$5,885,830
$6,343,263
+8%
Total Expenses
$61,519,447
$73,791,026
+20%
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