DULUTH ART INSTITUTE ASSOC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$625,653
Contributions
58%
Program Services
24%
Government Grants
17%
Other
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$704,108
Offices, Occupancy & IT
37%
Salaries & Benefits
35%
Other
19%
Advertising & Promotion
5%
Fees to Service Providers
3%
Depreciation
2%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$358,062
$362,304
+1%
Government Grants
$63,472
$106,859
+68%
Fundraising Events
$0
$0
-
Program Services
$144,885
$150,171
+4%
Membership Dues
$0
$0
-
Investments
$4
$94
+2250%
Other
$38,024
$6,225
-84%
Total Revenues
$604,447
$625,653
+4%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$267,466
$243,460
-9%
Fees to Service Providers
$14,375
$19,418
+35%
Advertising & Promotion
$19,490
$34,993
+80%
Offices, Occupancy & IT
$83,818
$257,932
+208%
Interest
$0
$0
-
Depreciation
$14,254
$13,943
-2%
Other
$160,907
$134,362
-16%
Total Expenses
$560,310
$704,108
+26%
Net income
2023
2024
Change
Net income
+$44,137
-$78,455
-278%
Functional Expenses
Summary
2023
2024
Change
Program
$460,903
$564,742
+23%
Admin
$86,034
$127,193
+48%
Fundraising
$13,373
$12,173
-9%
Total Expenses
$560,310
$704,108
+26%
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