THE SHELDON ARTS FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$6,638,944
Contributions
59%
Other
15%
Program Services
9%
Government Grants
9%
Fundraising Events
5%
Investments
2%
Membership Dues
0%
Expenses in 2024
$4,149,286
Salaries & Benefits
39%
Other
21%
Depreciation
15%
Offices, Occupancy & IT
13%
Fees to Service Providers
7%
Advertising & Promotion
3%
Grants
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,181,950
$3,939,699
+233%
Government Grants
$139,372
$619,241
+344%
Fundraising Events
$555,842
$356,068
-36%
Program Services
$773,773
$623,113
-19%
Membership Dues
$0
$0
-
Investments
$102,193
$137,489
+35%
Other
$566,880
$963,334
+70%
Total Revenues
$3,320,010
$6,638,944
+100%
Expenses
2023
2024
Change
Grants
$1,150
$11,545
+904%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,571,997
$1,623,012
+3%
Fees to Service Providers
$322,190
$309,026
-4%
Advertising & Promotion
$150,544
$135,234
-10%
Offices, Occupancy & IT
$572,936
$549,122
-4%
Interest
$6,128
$3,054
-50%
Depreciation
$645,713
$629,337
-3%
Other
$1,149,241
$888,956
-23%
Total Expenses
$4,419,899
$4,149,286
-6%
Net income
2023
2024
Change
Net income
-$1,099,889
+$2,489,658
-326%
Functional Expenses
Summary
2023
2024
Change
Program
$3,097,767
$2,921,810
-6%
Admin
$759,325
$685,621
-10%
Fundraising
$562,807
$541,855
-4%
Total Expenses
$4,419,899
$4,149,286
-6%
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