MIDDLETOWN FINE ARTS CENTER
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$486,978
Contributions
37%
Program Services
30%
Investments
16%
Other
8%
Government Grants
8%
Membership Dues
<1%
Fundraising Events
0%
Expenses in 2024
$446,964
Salaries & Benefits
45%
Offices, Occupancy & IT
16%
Fees to Service Providers
13%
Other
12%
Depreciation
9%
Advertising & Promotion
4%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$185,101
$179,385
-3%
Government Grants
$21,003
$40,709
+94%
Fundraising Events
$0
$0
-
Program Services
$152,939
$144,255
-6%
Membership Dues
$4,854
$3,293
-32%
Investments
$15,386
$78,225
+408%
Other
$84,470
$41,111
-51%
Total Revenues
$463,753
$486,978
+5%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$165,638
$200,869
+21%
Fees to Service Providers
$54,736
$57,382
+5%
Advertising & Promotion
$6,641
$19,221
+189%
Offices, Occupancy & IT
$67,212
$72,669
+8%
Interest
$0
$0
-
Depreciation
$42,108
$41,767
-1%
Other
$64,670
$55,056
-15%
Total Expenses
$401,005
$446,964
+11%
Net income
2023
2024
Change
Net income
+$62,748
+$40,014
-36%
Functional Expenses
Summary
2023
2024
Change
Program
$245,392
$268,581
+9%
Admin
$155,613
$178,383
+15%
Fundraising
$0
$0
-
Total Expenses
$401,005
$446,964
+11%
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