PALACE CULTURAL ARTS ASSOCIATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,318,832
Program Services
52%
Membership Dues
19%
Other
12%
Contributions
11%
Investments
4%
Government Grants
3%
Fundraising Events
0%
Expenses in 2024
$1,468,463
Other
42%
Salaries & Benefits
29%
Depreciation
19%
Offices, Occupancy & IT
5%
Advertising & Promotion
4%
Fees to Service Providers
1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$193,191
$139,423
-28%
Government Grants
$49,778
$45,264
-9%
Fundraising Events
$0
$0
-
Program Services
$665,443
$681,457
+2%
Membership Dues
$183,840
$251,269
+37%
Investments
$0
$46,630
-
Other
$375,307
$154,789
-59%
Total Revenues
$1,467,559
$1,318,832
-10%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$401,614
$419,829
+5%
Fees to Service Providers
$0
$17,515
-
Advertising & Promotion
$35,619
$64,815
+82%
Offices, Occupancy & IT
$63,208
$75,745
+20%
Interest
$6,781
$0
-100%
Depreciation
$326,906
$278,546
-15%
Other
$792,808
$612,013
-23%
Total Expenses
$1,626,936
$1,468,463
-10%
Net income
2023
2024
Change
Net income
-$159,377
-$149,631
+6%
Functional Expenses
Summary
2023
2024
Change
Program
$1,135,155
$1,056,263
-7%
Admin
$373,470
$314,450
-16%
Fundraising
$118,311
$97,750
-17%
Total Expenses
$1,626,936
$1,468,463
-10%
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