PEARSON LAKES ART CENTER
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,995,770
Investments
30%
Other
26%
Program Services
25%
Contributions
13%
Membership Dues
7%
Government Grants
0%
Fundraising Events
0%
Expenses in 2024
$1,323,460
Other
33%
Salaries & Benefits
31%
Depreciation
23%
Offices, Occupancy & IT
6%
Advertising & Promotion
6%
Fees to Service Providers
1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,414,680
$258,857
-89%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$470,915
$493,721
+5%
Membership Dues
$124,109
$131,350
+6%
Investments
$599,395
$589,056
-2%
Other
$270,499
$522,786
+93%
Total Revenues
$3,879,598
$1,995,770
-49%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$383,259
$416,075
+9%
Fees to Service Providers
$33,322
$18,746
-44%
Advertising & Promotion
$63,705
$77,317
+21%
Offices, Occupancy & IT
$79,807
$79,450
0%
Interest
$0
$0
-
Depreciation
$274,569
$301,412
+10%
Other
$396,294
$430,460
+9%
Total Expenses
$1,230,956
$1,323,460
+8%
Net income
2023
2024
Change
Net income
+$2,648,642
+$672,310
-75%
Functional Expenses
Summary
2023
2024
Change
Program
$673,211
$740,103
+10%
Admin
$557,745
$583,357
+5%
Fundraising
$0
$0
-
Total Expenses
$1,230,956
$1,323,460
+8%
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