CENTER OF CREATIVE ARTS
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$7,947,086
Program Services
34%
Contributions
32%
Government Grants
18%
Fundraising Events
10%
Other
3%
Investments
2%
Membership Dues
0%
Expenses in 2024
$8,703,117
Salaries & Benefits
52%
Offices, Occupancy & IT
21%
Other
6%
Fees to Service Providers
6%
Grants
5%
Depreciation
4%
Interest
3%
Advertising & Promotion
3%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,737,414
$2,578,668
+48%
Government Grants
$174,352
$1,410,945
+709%
Fundraising Events
$715,683
$830,737
+16%
Program Services
$2,522,158
$2,730,612
+8%
Membership Dues
$0
$0
-
Investments
$115,138
$157,494
+37%
Other
$100,739
$238,630
+137%
Total Revenues
$5,365,484
$7,947,086
+48%
Expenses
2023
2024
Change
Grants
$333,793
$475,882
+43%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,140,838
$4,510,070
+9%
Fees to Service Providers
$400,158
$512,874
+28%
Advertising & Promotion
$184,898
$246,690
+33%
Offices, Occupancy & IT
$1,741,387
$1,823,657
+5%
Interest
$226,879
$247,577
+9%
Depreciation
$358,446
$354,574
-1%
Other
$382,693
$531,793
+39%
Total Expenses
$7,769,092
$8,703,117
+12%
Net income
2023
2024
Change
Net income
-$2,403,608
-$756,031
+69%
Functional Expenses
Summary
2023
2024
Change
Program
$5,490,338
$5,704,975
+4%
Admin
$1,784,614
$2,014,593
+13%
Fundraising
$494,140
$983,549
+99%
Total Expenses
$7,769,092
$8,703,117
+12%
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