RICHLAND ACADEMY OF THE ARTS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,339,138
Program Services
67%
Contributions
25%
Government Grants
4%
Other
3%
Investments
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,173,803
Salaries & Benefits
47%
Fees to Service Providers
22%
Other
11%
Offices, Occupancy & IT
9%
Depreciation
8%
Advertising & Promotion
3%
Grants
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$58,112
$339,385
+484%
Government Grants
$64,981
$54,521
-16%
Fundraising Events
$0
$0
-
Program Services
$761,557
$891,111
+17%
Membership Dues
$0
$0
-
Investments
$6,309
$14,328
+127%
Other
$25,269
$39,793
+57%
Total Revenues
$916,228
$1,339,138
+46%
Expenses
2023
2024
Change
Grants
$300
$125
-58%
Benefits to Members
$0
$0
-
Salaries & Benefits
$520,342
$546,616
+5%
Fees to Service Providers
$77,364
$258,780
+234%
Advertising & Promotion
$37,445
$36,756
-2%
Offices, Occupancy & IT
$100,991
$106,618
+6%
Interest
$6
$30
+400%
Depreciation
$90,227
$94,779
+5%
Other
$120,064
$130,099
+8%
Total Expenses
$946,739
$1,173,803
+24%
Net income
2023
2024
Change
Net income
-$30,511
+$165,335
-642%
Functional Expenses
Summary
2023
2024
Change
Program
$774,299
$872,536
+13%
Admin
$153,083
$164,643
+8%
Fundraising
$19,357
$136,624
+606%
Total Expenses
$946,739
$1,173,803
+24%
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