ACADEMY CENTER OF THE ARTS INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,328,199
Program Services
51%
Contributions
33%
Other
13%
Investments
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$6,240,722
Other
44%
Salaries & Benefits
28%
Depreciation
18%
Offices, Occupancy & IT
5%
Advertising & Promotion
3%
Fees to Service Providers
1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,252,709
$1,768,816
+41%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$1,113,583
$2,732,318
+145%
Membership Dues
$0
$0
-
Investments
$102,651
$115,263
+12%
Other
$80,924
$711,802
+780%
Total Revenues
$2,549,867
$5,328,199
+109%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,091,236
$1,726,909
+58%
Fees to Service Providers
$71,154
$83,963
+18%
Advertising & Promotion
$114,087
$208,951
+83%
Offices, Occupancy & IT
$177,187
$313,974
+77%
Interest
$3,878
$5,405
+39%
Depreciation
$171,531
$1,130,191
+559%
Other
$1,107,193
$2,771,329
+150%
Total Expenses
$2,736,266
$6,240,722
+128%
Net income
2023
2024
Change
Net income
-$186,399
-$912,523
-390%
Functional Expenses
Summary
2023
2024
Change
Program
$2,161,498
$5,268,640
+144%
Admin
$293,333
$454,236
+55%
Fundraising
$281,435
$517,846
+84%
Total Expenses
$2,736,266
$6,240,722
+128%
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