GROUNDWORKS ART LAB INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,500,081
Contributions
59%
Program Services
36%
Membership Dues
3%
Other
2%
Investments
<1%
Fundraising Events
<1%
Government Grants
0%
Expenses in 2024
$2,374,140
Salaries & Benefits
53%
Depreciation
16%
Other
15%
Offices, Occupancy & IT
13%
Advertising & Promotion
2%
Fees to Service Providers
1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$401,267
$1,479,070
+269%
Government Grants
$1,500,000
$0
-100%
Fundraising Events
$6,367
$5,532
-13%
Program Services
$714,836
$889,036
+24%
Membership Dues
$80,952
$77,806
-4%
Investments
$6,105
$6,928
+13%
Other
$39,970
$41,709
+4%
Total Revenues
$2,749,497
$2,500,081
-9%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$810,037
$1,263,124
+56%
Fees to Service Providers
$26,346
$29,955
+14%
Advertising & Promotion
$41,236
$41,521
+1%
Offices, Occupancy & IT
$205,130
$304,264
+48%
Interest
$0
$0
-
Depreciation
$7,922
$385,880
+4771%
Other
$110,630
$349,396
+216%
Total Expenses
$1,201,301
$2,374,140
+98%
Net income
2023
2024
Change
Net income
+$1,548,196
+$125,941
-92%
Functional Expenses
Summary
2023
2024
Change
Program
$904,962
$2,116,183
+134%
Admin
$92,135
$103,137
+12%
Fundraising
$204,204
$154,820
-24%
Total Expenses
$1,201,301
$2,374,140
+98%
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