ART WORKS IN LOVELAND INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$169,086
Program Services
76%
Contributions
17%
Government Grants
4%
Other
3%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$137,362
Offices, Occupancy & IT
49%
Other
29%
Salaries & Benefits
15%
Fees to Service Providers
5%
Advertising & Promotion
1%
Depreciation
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$36,678
$28,737
-22%
Government Grants
$19,500
$6,500
-67%
Fundraising Events
$0
$0
-
Program Services
$124,876
$128,182
+3%
Membership Dues
$415
$0
-100%
Investments
$9
$15
+67%
Other
$7,081
$5,652
-20%
Total Revenues
$188,559
$169,086
-10%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$66,889
$20,473
-69%
Fees to Service Providers
$6,230
$7,416
+19%
Advertising & Promotion
$7,346
$2,013
-73%
Offices, Occupancy & IT
$45,312
$67,689
+49%
Interest
$0
$5
-
Depreciation
$898
$455
-49%
Other
$46,190
$39,311
-15%
Total Expenses
$172,865
$137,362
-21%
Net income
2023
2024
Change
Net income
+$15,694
+$31,724
+102%
Functional Expenses
Summary
2023
2024
Change
Program
$119,287
$116,198
-3%
Admin
$53,578
$21,164
-60%
Fundraising
$0
$0
-
Total Expenses
$172,865
$137,362
-21%
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