PS 1 CONTEMPORARY ART CENTER INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$10,598,334
Contributions
68%
Fundraising Events
14%
Government Grants
9%
Program Services
8%
Other
1%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$11,887,430
Salaries & Benefits
53%
Other
21%
Offices, Occupancy & IT
21%
Depreciation
2%
Advertising & Promotion
2%
Fees to Service Providers
1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$8,650,923
$7,172,811
-17%
Government Grants
$1,096,089
$958,060
-13%
Fundraising Events
$1,278,986
$1,438,266
+12%
Program Services
$696,400
$877,919
+26%
Membership Dues
$0
$0
-
Investments
$11,998
$2,392
-80%
Other
$157,610
$148,886
-6%
Total Revenues
$11,892,006
$10,598,334
-11%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,584,517
$6,294,253
+13%
Fees to Service Providers
$33,872
$134,606
+297%
Advertising & Promotion
$46,622
$203,876
+337%
Offices, Occupancy & IT
$2,146,640
$2,480,862
+16%
Interest
$2,437
$2,542
+4%
Depreciation
$215,442
$241,642
+12%
Other
$2,591,466
$2,529,649
-2%
Total Expenses
$10,620,996
$11,887,430
+12%
Net income
2023
2024
Change
Net income
+$1,271,010
-$1,289,096
-201%
Functional Expenses
Summary
2023
2024
Change
Program
$7,643,438
$8,935,445
+17%
Admin
$1,728,372
$1,864,425
+8%
Fundraising
$1,249,186
$1,087,560
-13%
Total Expenses
$10,620,996
$11,887,430
+12%
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