CULTURE WORKS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,139,441
Contributions
64%
Government Grants
32%
Other
3%
Investments
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$1,339,520
Grants
46%
Salaries & Benefits
24%
Fees to Service Providers
11%
Other
8%
Offices, Occupancy & IT
5%
Advertising & Promotion
4%
Depreciation
1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,065,393
$733,082
-31%
Government Grants
$349,545
$362,803
+4%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$9,451
$11,155
+18%
Other
$58,457
$32,401
-45%
Total Revenues
$1,482,846
$1,139,441
-23%
Expenses
2023
2024
Change
Grants
$1,042,035
$620,070
-40%
Benefits to Members
$0
$0
-
Salaries & Benefits
$318,532
$325,599
+2%
Fees to Service Providers
$147,394
$151,072
+2%
Advertising & Promotion
$21,722
$58,550
+170%
Offices, Occupancy & IT
$83,525
$64,762
-22%
Interest
$0
$0
-
Depreciation
$15,708
$16,347
+4%
Other
$99,859
$103,120
+3%
Total Expenses
$1,728,775
$1,339,520
-23%
Net income
2023
2024
Change
Net income
-$245,929
-$200,079
+19%
Functional Expenses
Summary
2023
2024
Change
Program
$1,542,736
$1,136,045
-26%
Admin
$107,178
$88,789
-17%
Fundraising
$78,861
$114,686
+45%
Total Expenses
$1,728,775
$1,339,520
-23%
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