ILLUMINATE THE ARTS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$12,990,069
Contributions
93%
Government Grants
6%
Investments
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$2,766,938
Fees to Service Providers
52%
Other
27%
Salaries & Benefits
18%
Offices, Occupancy & IT
2%
Advertising & Promotion
<1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,099,040
$12,085,231
+1000%
Government Grants
$326,357
$842,950
+158%
Fundraising Events
$0
$0
-
Program Services
$122,404
$0
-100%
Membership Dues
$0
$0
-
Investments
$37
$61,888
+167165%
Other
$0
$0
-
Total Revenues
$1,547,838
$12,990,069
+739%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$446,721
$506,729
+13%
Fees to Service Providers
$479,509
$1,442,004
+201%
Advertising & Promotion
$39,615
$18,880
-52%
Offices, Occupancy & IT
$44,939
$55,716
+24%
Interest
$0
$0
-
Depreciation
$8,536
$4,682
-45%
Other
$292,616
$738,927
+153%
Total Expenses
$1,311,936
$2,766,938
+111%
Net income
2023
2024
Change
Net income
+$235,902
+$10,223,131
+4234%
Functional Expenses
Summary
2023
2024
Change
Program
$1,162,962
$2,354,336
+102%
Admin
$97,828
$107,665
+10%
Fundraising
$51,146
$304,937
+496%
Total Expenses
$1,311,936
$2,766,938
+111%
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