VIRGINIA CENTER FOR THE CREATIVE ARTS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$1,849,381
Contributions
55%
Program Services
24%
Other
12%
Investments
6%
Government Grants
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$1,841,134
Salaries & Benefits
44%
Other
43%
Depreciation
9%
Fees to Service Providers
4%
Offices, Occupancy & IT
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$669,125
$1,017,662
+52%
Government Grants
$21,548
$37,359
+73%
Fundraising Events
$0
$0
-
Program Services
$413,605
$452,308
+9%
Membership Dues
$0
$0
-
Investments
$112,372
$117,252
+4%
Other
$303,141
$224,800
-26%
Total Revenues
$1,519,791
$1,849,381
+22%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$778,346
$818,548
+5%
Fees to Service Providers
$66,993
$67,062
+0%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$4,753
$4,766
+0%
Interest
$0
$0
-
Depreciation
$148,690
$161,121
+8%
Other
$708,734
$789,637
+11%
Total Expenses
$1,707,516
$1,841,134
+8%
Net income
2024
2025
Change
Net income
-$187,725
+$8,247
-104%
Functional Expenses
Summary
2024
2025
Change
Program
$1,410,495
$1,527,996
+8%
Admin
$208,281
$226,631
+9%
Fundraising
$88,740
$86,507
-3%
Total Expenses
$1,707,516
$1,841,134
+8%
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