RED WING ARTS ASSOCIATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$968,796
Contributions
54%
Government Grants
21%
Program Services
14%
Other
6%
Membership Dues
5%
Investments
<1%
Fundraising Events
0%
Expenses in 2024
$704,368
Salaries & Benefits
54%
Fees to Service Providers
17%
Offices, Occupancy & IT
15%
Other
9%
Interest
2%
Advertising & Promotion
1%
Depreciation
1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$493,874
$521,248
+6%
Government Grants
$108,493
$199,666
+84%
Fundraising Events
$0
$0
-
Program Services
$112,065
$139,999
+25%
Membership Dues
$42,983
$46,301
+8%
Investments
$378
$176
-53%
Other
$61,031
$61,406
+1%
Total Revenues
$818,824
$968,796
+18%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$359,331
$379,900
+6%
Fees to Service Providers
$325,523
$120,455
-63%
Advertising & Promotion
$16,737
$9,465
-43%
Offices, Occupancy & IT
$179,989
$109,046
-39%
Interest
$12,636
$15,400
+22%
Depreciation
$10,504
$9,255
-12%
Other
$72,513
$60,847
-16%
Total Expenses
$977,233
$704,368
-28%
Net income
2023
2024
Change
Net income
-$158,409
+$264,428
-267%
Functional Expenses
Summary
2023
2024
Change
Program
$792,157
$491,751
-38%
Admin
$151,640
$179,953
+19%
Fundraising
$33,436
$32,664
-2%
Total Expenses
$977,233
$704,368
-28%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)