Creative Growth Art Center
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,256,571
Other
34%
Program Services
32%
Contributions
27%
Government Grants
7%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$3,997,131
Salaries & Benefits
67%
Offices, Occupancy & IT
10%
Fees to Service Providers
10%
Other
9%
Depreciation
2%
Interest
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$732,412
$875,902
+20%
Government Grants
$0
$233,500
-
Fundraising Events
$0
$0
-
Program Services
$756,789
$1,026,833
+36%
Membership Dues
$0
$0
-
Investments
$42,486
$26,345
-38%
Other
$881,392
$1,093,991
+24%
Total Revenues
$2,413,079
$3,256,571
+35%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,973,518
$2,692,385
+36%
Fees to Service Providers
$287,252
$385,690
+34%
Advertising & Promotion
$2,600
$18,036
+594%
Offices, Occupancy & IT
$111,569
$406,985
+265%
Interest
$460
$38,839
+8343%
Depreciation
$59,839
$85,984
+44%
Other
$621,318
$369,212
-41%
Total Expenses
$3,056,556
$3,997,131
+31%
Net income
2023
2024
Change
Net income
-$643,477
-$740,560
-15%
Functional Expenses
Summary
2023
2024
Change
Program
$2,245,335
$2,703,198
+20%
Admin
$503,080
$951,955
+89%
Fundraising
$308,141
$341,978
+11%
Total Expenses
$3,056,556
$3,997,131
+31%
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