KANSAS CITY ART INSTITUTE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$45,086,890
Program Services
82%
Other
10%
Contributions
7%
Investments
<1%
Fundraising Events
<1%
Government Grants
<1%
Membership Dues
0%
Expenses in 2024
$45,647,721
Grants
40%
Salaries & Benefits
30%
Offices, Occupancy & IT
8%
Depreciation
7%
Other
6%
Fees to Service Providers
6%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,869,010
$3,276,273
+14%
Government Grants
$710,283
$3,563
-99%
Fundraising Events
$244,855
$228,300
-7%
Program Services
$33,347,261
$36,937,385
+11%
Membership Dues
$0
$0
-
Investments
$334,217
$356,280
+7%
Other
$930,064
$4,285,089
+361%
Total Revenues
$38,435,690
$45,086,890
+17%
Expenses
2023
2024
Change
Grants
$16,752,565
$18,459,683
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$13,592,833
$13,887,305
+2%
Fees to Service Providers
$2,228,538
$2,615,030
+17%
Advertising & Promotion
$70,118
$59,353
-15%
Offices, Occupancy & IT
$1,910,879
$3,480,301
+82%
Interest
$1,062,261
$1,047,818
-1%
Depreciation
$3,047,175
$3,249,071
+7%
Other
$3,715,556
$2,849,160
-23%
Total Expenses
$42,379,925
$45,647,721
+8%
Net income
2023
2024
Change
Net income
-$3,944,235
-$560,831
+86%
Functional Expenses
Summary
2023
2024
Change
Program
$33,095,044
$36,260,801
+10%
Admin
$8,417,466
$8,698,510
+3%
Fundraising
$867,415
$688,410
-21%
Total Expenses
$42,379,925
$45,647,721
+8%
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