MID-AMERICA ARTS ALLIANCE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2023
$7,665,549
Contributions
47%
Government Grants
38%
Program Services
9%
Investments
3%
Other
2%
Membership Dues
2%
Fundraising Events
0%
Expenses in 2023
$6,767,635
Salaries & Benefits
43%
Grants
25%
Other
13%
Fees to Service Providers
9%
Offices, Occupancy & IT
5%
Depreciation
3%
Advertising & Promotion
1%
Interest
<1%
Benefits to Members
0%
Revenues
2022
2023
Change
Contributions
$863,841
$3,565,396
+313%
Government Grants
$3,617,231
$2,931,655
-19%
Fundraising Events
$0
$0
-
Program Services
$656,624
$684,171
+4%
Membership Dues
$120,000
$144,834
+21%
Investments
$161,019
$192,879
+20%
Other
$454,404
$146,614
-68%
Total Revenues
$5,873,119
$7,665,549
+31%
Expenses
2022
2023
Change
Grants
$3,106,129
$1,690,554
-46%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,472,704
$2,891,057
+17%
Fees to Service Providers
$611,302
$621,931
+2%
Advertising & Promotion
$47,774
$76,800
+61%
Offices, Occupancy & IT
$458,288
$338,654
-26%
Interest
$19,254
$17,994
-7%
Depreciation
$202,292
$223,558
+11%
Other
$364,816
$907,087
+149%
Total Expenses
$7,282,559
$6,767,635
-7%
Net income
2022
2023
Change
Net income
-$1,409,440
+$897,914
-164%
Functional Expenses
Summary
2022
2023
Change
Program
$5,907,634
$5,083,673
-14%
Admin
$1,043,522
$1,281,229
+23%
Fundraising
$331,403
$402,733
+22%
Total Expenses
$7,282,559
$6,767,635
-7%
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