KENTUCKY COLLEGE OF ART AND DESIGN INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,846,179
Contributions
82%
Program Services
16%
Other
2%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$3,575,958
Salaries & Benefits
59%
Grants
17%
Offices, Occupancy & IT
10%
Fees to Service Providers
5%
Other
5%
Depreciation
3%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,839,778
$3,149,255
+11%
Government Grants
$190,000
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$476,250
$622,500
+31%
Membership Dues
$0
$0
-
Investments
$3,407
$3,317
-3%
Other
$128,733
$71,107
-45%
Total Revenues
$3,638,168
$3,846,179
+6%
Expenses
2023
2024
Change
Grants
$476,250
$622,500
+31%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,975,675
$2,118,932
+7%
Fees to Service Providers
$158,494
$171,986
+9%
Advertising & Promotion
$39,776
$21,086
-47%
Offices, Occupancy & IT
$405,595
$374,450
-8%
Interest
$58,299
$875
-98%
Depreciation
$29,798
$96,384
+223%
Other
$178,315
$169,745
-5%
Total Expenses
$3,322,202
$3,575,958
+8%
Net income
2023
2024
Change
Net income
+$315,966
+$270,221
-14%
Functional Expenses
Summary
2023
2024
Change
Program
$2,161,165
$2,540,147
+18%
Admin
$920,161
$786,879
-14%
Fundraising
$240,876
$248,932
+3%
Total Expenses
$3,322,202
$3,575,958
+8%
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