GRAND RAPIDS BALLET
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$4,762,726
Program Services
36%
Contributions
29%
Government Grants
26%
Other
8%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$4,001,835
Salaries & Benefits
48%
Other
27%
Depreciation
8%
Offices, Occupancy & IT
6%
Advertising & Promotion
6%
Interest
2%
Fees to Service Providers
2%
Grants
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$883,485
$1,401,647
+59%
Government Grants
$0
$1,239,853
-
Fundraising Events
$484,740
$0
-100%
Program Services
$1,590,581
$1,720,176
+8%
Membership Dues
$0
$0
-
Investments
$129,875
$29,754
-77%
Other
$340,679
$371,296
+9%
Total Revenues
$3,429,360
$4,762,726
+39%
Expenses
2024
2025
Change
Grants
$38,841
$36,892
-5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,747,562
$1,915,386
+10%
Fees to Service Providers
$57,752
$62,977
+9%
Advertising & Promotion
$238,278
$249,935
+5%
Offices, Occupancy & IT
$294,823
$255,880
-13%
Interest
$37,829
$80,977
+114%
Depreciation
$349,688
$336,755
-4%
Other
$904,043
$1,063,033
+18%
Total Expenses
$3,668,816
$4,001,835
+9%
Net income
2024
2025
Change
Net income
-$239,456
+$760,891
-418%
Functional Expenses
Summary
2024
2025
Change
Program
$3,003,389
$3,189,336
+6%
Admin
$438,813
$602,935
+37%
Fundraising
$226,614
$209,564
-8%
Total Expenses
$3,668,816
$4,001,835
+9%
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