SOUTH SHORE ARTS INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$903,577
Program Services
39%
Contributions
23%
Fundraising Events
22%
Other
6%
Government Grants
5%
Investments
3%
Membership Dues
<1%
Expenses in 2024
$1,026,733
Salaries & Benefits
61%
Offices, Occupancy & IT
16%
Other
11%
Fees to Service Providers
8%
Grants
3%
Depreciation
<1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$184,077
$210,216
+14%
Government Grants
$44,470
$47,336
+6%
Fundraising Events
$76,507
$201,124
+163%
Program Services
$169,566
$356,464
+110%
Membership Dues
$2,695
$8,503
+216%
Investments
$52,392
$29,956
-43%
Other
$88,187
$49,978
-43%
Total Revenues
$617,894
$903,577
+46%
Expenses
2023
2024
Change
Grants
$28,756
$31,664
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$400,506
$624,133
+56%
Fees to Service Providers
$57,308
$85,218
+49%
Advertising & Promotion
$34,791
$3,949
-89%
Offices, Occupancy & IT
$68,431
$164,557
+140%
Interest
$0
$2,378
-
Depreciation
$7,417
$5,749
-22%
Other
$195,889
$109,085
-44%
Total Expenses
$793,098
$1,026,733
+29%
Net income
2023
2024
Change
Net income
-$175,204
-$123,156
+30%
Functional Expenses
Summary
2023
2024
Change
Program
$479,829
$742,982
+55%
Admin
$240,016
$269,261
+12%
Fundraising
$73,253
$14,490
-80%
Total Expenses
$793,098
$1,026,733
+29%
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