ROCKFORD AREA ARTS COUNCIL
Income Statement
Fiscal Year Start:
Sep 1
Data visualization unavailable
Revenues in 2024
$702,321
Government Grants
N/A
Contributions
N/A
Investments
N/A
Fundraising Events
N/A
Program Services
N/A
Membership Dues
N/A
Expenses in 2024
$803,005
Other
68%
Salaries & Benefits
18%
Advertising & Promotion
8%
Fees to Service Providers
4%
Offices, Occupancy & IT
2%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$199,902
$254,564
+27%
Government Grants
$471,336
$450,468
-4%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$4,594
$7,419
+61%
Other
-$14,133
-$10,130
-28%
Total Revenues
$661,699
$702,321
+6%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$307,541
$145,593
-53%
Fees to Service Providers
$18,231
$32,871
+80%
Advertising & Promotion
$24,769
$63,224
+155%
Offices, Occupancy & IT
$7,553
$14,619
+94%
Interest
$0
$0
-
Depreciation
$496
$612
+23%
Other
$339,497
$546,086
+61%
Total Expenses
$698,087
$803,005
+15%
Net income
2023
2024
Change
Net income
-$36,388
-$100,684
-177%
Functional Expenses
Summary
2023
2024
Change
Program
$524,939
$618,531
+18%
Admin
$45,394
$57,168
+26%
Fundraising
$127,754
$127,306
0%
Total Expenses
$698,087
$803,005
+15%
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