THE ARTS COUNCIL OF ERIE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$897,879
Government Grants
49%
Contributions
25%
Investments
15%
Other
7%
Program Services
4%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$1,309,466
Grants
48%
Salaries & Benefits
24%
Other
15%
Fees to Service Providers
7%
Offices, Occupancy & IT
4%
Advertising & Promotion
2%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$468,597
$223,247
-52%
Government Grants
$380,657
$438,650
+15%
Fundraising Events
$0
$0
-
Program Services
$69,706
$37,315
-46%
Membership Dues
$0
$0
-
Investments
$133,894
$133,426
0%
Other
$69,301
$65,241
-6%
Total Revenues
$1,122,155
$897,879
-20%
Expenses
2024
2025
Change
Grants
$479,620
$634,447
+32%
Benefits to Members
$0
$0
-
Salaries & Benefits
$298,520
$313,426
+5%
Fees to Service Providers
$57,864
$92,535
+60%
Advertising & Promotion
$12,755
$31,373
+146%
Offices, Occupancy & IT
$16,220
$46,645
+188%
Interest
$0
$0
-
Depreciation
$0
$357
-
Other
$363,218
$190,683
-48%
Total Expenses
$1,228,197
$1,309,466
+7%
Net income
2024
2025
Change
Net income
-$106,042
-$411,587
-288%
Functional Expenses
Summary
2024
2025
Change
Program
$1,049,557
$1,079,932
+3%
Admin
$126,905
$153,550
+21%
Fundraising
$51,735
$75,984
+47%
Total Expenses
$1,228,197
$1,309,466
+7%
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