PHIPPS CENTER FOR THE ARTS INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$706,649
Program Services
44%
Contributions
40%
Investments
12%
Other
3%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$949,323
Salaries & Benefits
38%
Other
37%
Depreciation
15%
Offices, Occupancy & IT
5%
Advertising & Promotion
4%
Fees to Service Providers
2%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$565,699
$284,953
-50%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$741,726
$312,441
-58%
Membership Dues
$0
$0
-
Investments
$159,208
$86,415
-46%
Other
$117,074
$22,840
-80%
Total Revenues
$1,583,707
$706,649
-55%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$648,052
$356,103
-45%
Fees to Service Providers
$50,173
$21,036
-58%
Advertising & Promotion
$35,503
$35,933
+1%
Offices, Occupancy & IT
$96,652
$44,953
-53%
Interest
$0
$0
-
Depreciation
$282,392
$138,612
-51%
Other
$843,538
$352,686
-58%
Total Expenses
$1,956,310
$949,323
-51%
Net income
2023
2024
Change
Net income
-$372,603
-$242,674
+35%
Functional Expenses
Summary
2023
2024
Change
Program
$1,692,336
$808,885
-52%
Admin
$183,059
$92,380
-50%
Fundraising
$80,915
$48,058
-41%
Total Expenses
$1,956,310
$949,323
-51%
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