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THE ARTS COUNCIL OF FAYETTEVILLE CUMBERLAND COUNTY INC

THE ARTS COUNCIL OF FAYETTEVILLE CUMBERLAND COUNTY INC

FAYETTEVILLE, NC, US
501(c)(3)
EIN
23-7411600
Regional Funder
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THE ARTS COUNCIL OF FAYETTEVILLE CUMBERLAND COUNTY INC

FAYETTEVILLE, NC, US
501(c)(3)
EIN
23-7411600
Regional Funder

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$3,152,194

Government Grants
72%
Contributions
21%
Investments
4%
Program Services
3%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024

$2,847,296

Grants
43%
Salaries & Benefits
28%
Advertising & Promotion
11%
Offices, Occupancy & IT
9%
Other
8%
Fees to Service Providers
1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$837,509
$667,843
-20%
Government Grants
$2,180,351
$2,254,311
+3%
Fundraising Events
$0
$0
-
Program Services
$101,484
$106,260
+5%
Membership Dues
$0
$0
-
Investments
$53,132
$123,780
+133%
Other
$0
$0
-
Total Revenues
$3,172,476
$3,152,194
-1%
Expenses
2023
2024
Change
Grants
$1,282,017
$1,214,328
-5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$730,998
$790,890
+8%
Fees to Service Providers
$11,876
$30,223
+154%
Advertising & Promotion
$588,945
$319,978
-46%
Offices, Occupancy & IT
$231,225
$251,819
+9%
Interest
$0
$0
-
Depreciation
$23,224
$25,324
+9%
Other
$172,783
$214,734
+24%
Total Expenses
$3,041,068
$2,847,296
-6%
Net income
2023
2024
Change
Net income
+$131,408
+$304,898
+132%
Functional Expenses
Summary
2023
2024
Change
Program
$2,499,919
$2,353,963
-6%
Admin
$541,149
$463,110
-14%
Fundraising
$0
$30,223
-
Total Expenses
$3,041,068
$2,847,296
-6%
Income Statement
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