HYDE PARK ART CENTER
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,905,571
Contributions
52%
Program Services
22%
Government Grants
8%
Fundraising Events
7%
Other
6%
Investments
5%
Membership Dues
0%
Expenses in 2024
$3,972,769
Salaries & Benefits
52%
Fees to Service Providers
19%
Offices, Occupancy & IT
8%
Other
8%
Depreciation
6%
Grants
6%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,986,059
$1,522,114
-23%
Government Grants
$538,523
$227,727
-58%
Fundraising Events
$272,437
$206,433
-24%
Program Services
$587,102
$632,917
+8%
Membership Dues
$0
$0
-
Investments
$135,283
$156,269
+16%
Other
$201,995
$160,111
-21%
Total Revenues
$3,721,399
$2,905,571
-22%
Expenses
2023
2024
Change
Grants
$351,720
$257,640
-27%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,866,683
$2,085,425
+12%
Fees to Service Providers
$901,131
$751,157
-17%
Advertising & Promotion
$15,102
$13,761
-9%
Offices, Occupancy & IT
$329,905
$304,771
-8%
Interest
$0
$0
-
Depreciation
$238,051
$257,646
+8%
Other
$278,005
$302,369
+9%
Total Expenses
$3,980,597
$3,972,769
0%
Net income
2023
2024
Change
Net income
-$259,198
-$1,067,198
-312%
Functional Expenses
Summary
2023
2024
Change
Program
$2,995,893
$3,011,809
+1%
Admin
$457,500
$479,249
+5%
Fundraising
$527,204
$481,711
-9%
Total Expenses
$3,980,597
$3,972,769
0%
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