Utah Arts Academy
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$4,121,536
Government Grants
94%
Program Services
4%
Contributions
1%
Other
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$4,173,060
Salaries & Benefits
61%
Depreciation
19%
Other
13%
Offices, Occupancy & IT
4%
Fees to Service Providers
2%
Interest
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$39,911
$45,525
+14%
Government Grants
$3,515,895
$3,855,348
+10%
Fundraising Events
$0
$0
-
Program Services
$197,060
$179,968
-9%
Membership Dues
$0
$0
-
Investments
$0
$11,458
-
Other
$11,250
$29,237
+160%
Total Revenues
$3,764,116
$4,121,536
+9%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,884,858
$2,524,946
+34%
Fees to Service Providers
$110,620
$98,816
-11%
Advertising & Promotion
$28,051
$17,030
-39%
Offices, Occupancy & IT
$498,021
$153,817
-69%
Interest
$53,872
$53,652
0%
Depreciation
$359,531
$773,398
+115%
Other
$928,441
$551,401
-41%
Total Expenses
$3,863,394
$4,173,060
+8%
Net income
2024
2025
Change
Net income
-$99,278
-$51,524
+48%
Functional Expenses
Summary
2024
2025
Change
Program
$3,863,394
$3,030,700
-22%
Admin
$0
$1,142,360
-
Fundraising
$0
$0
-
Total Expenses
$3,863,394
$4,173,060
+8%
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