MIDLAND CENTER FOR THE ARTS INC
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$10,928,817
Program Services
34%
Contributions
33%
Investments
19%
Other
13%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$10,612,676
Salaries & Benefits
39%
Other
26%
Fees to Service Providers
15%
Offices, Occupancy & IT
9%
Depreciation
7%
Advertising & Promotion
4%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$7,661,528
$3,603,807
-53%
Government Grants
$107,896
$108,373
+0%
Fundraising Events
$0
$0
-
Program Services
$4,024,751
$3,718,966
-8%
Membership Dues
$0
$0
-
Investments
$3,990,352
$2,099,508
-47%
Other
-$2,208,770
$1,398,163
-163%
Total Revenues
$13,575,757
$10,928,817
-19%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,645,309
$4,164,151
+14%
Fees to Service Providers
$1,641,288
$1,597,368
-3%
Advertising & Promotion
$425,779
$435,619
+2%
Offices, Occupancy & IT
$946,103
$963,357
+2%
Interest
$0
$0
-
Depreciation
$753,024
$694,921
-8%
Other
$3,348,996
$2,757,260
-18%
Total Expenses
$10,760,499
$10,612,676
-1%
Net income
2023
2024
Change
Net income
+$2,815,258
+$316,141
-89%
Functional Expenses
Summary
2023
2024
Change
Program
$7,668,822
$6,886,703
-10%
Admin
$2,865,807
$3,420,062
+19%
Fundraising
$225,870
$305,911
+35%
Total Expenses
$10,760,499
$10,612,676
-1%
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