ARTS COUNCIL OF INDIANAPOLIS INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$4,903,445
Government Grants
55%
Contributions
24%
Program Services
11%
Other
5%
Investments
4%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$6,312,251
Grants
44%
Salaries & Benefits
23%
Other
22%
Depreciation
5%
Advertising & Promotion
4%
Offices, Occupancy & IT
2%
Fees to Service Providers
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,991,214
$1,181,537
-70%
Government Grants
$2,255,635
$2,720,048
+21%
Fundraising Events
$41,566
$21,052
-49%
Program Services
$462,686
$554,307
+20%
Membership Dues
$0
$0
-
Investments
$93,353
$190,420
+104%
Other
$212,495
$236,081
+11%
Total Revenues
$7,056,949
$4,903,445
-31%
Expenses
2023
2024
Change
Grants
$1,546,700
$2,759,601
+78%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,291,245
$1,435,472
+11%
Fees to Service Providers
$54,673
$52,714
-4%
Advertising & Promotion
$164,651
$223,617
+36%
Offices, Occupancy & IT
$170,032
$149,695
-12%
Interest
$0
$0
-
Depreciation
$312,005
$314,323
+1%
Other
$1,088,356
$1,376,829
+27%
Total Expenses
$4,627,662
$6,312,251
+36%
Net income
2023
2024
Change
Net income
+$2,429,287
-$1,408,806
-158%
Functional Expenses
Summary
2023
2024
Change
Program
$4,108,623
$5,564,606
+35%
Admin
$366,275
$582,039
+59%
Fundraising
$152,764
$165,606
+8%
Total Expenses
$4,627,662
$6,312,251
+36%
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