ARTS CENTER FOR NEWAYGO COUNTY
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$592,915
Contributions
82%
Program Services
17%
Investments
<1%
Membership Dues
<1%
Government Grants
0%
Fundraising Events
0%
Other
0%
Expenses in 2024
$791,083
Depreciation
30%
Other
28%
Fees to Service Providers
16%
Offices, Occupancy & IT
15%
Salaries & Benefits
10%
Advertising & Promotion
1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,072,311
$487,826
-55%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$98,752
$100,877
+2%
Membership Dues
$0
$575
-
Investments
$18
$3,637
+20106%
Other
$0
$0
-
Total Revenues
$1,171,081
$592,915
-49%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$70,212
$77,353
+10%
Fees to Service Providers
$97,683
$127,640
+31%
Advertising & Promotion
$8,377
$8,823
+5%
Offices, Occupancy & IT
$143,557
$121,656
-15%
Interest
$0
$0
-
Depreciation
$211,314
$236,086
+12%
Other
$207,701
$219,525
+6%
Total Expenses
$738,844
$791,083
+7%
Net income
2023
2024
Change
Net income
+$432,237
-$198,168
-146%
Functional Expenses
Summary
2023
2024
Change
Program
$703,625
$745,244
+6%
Admin
$35,219
$45,839
+30%
Fundraising
$0
$0
-
Total Expenses
$738,844
$791,083
+7%
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