POWERHOUSE ARTS INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$8,787,610
Investments
62%
Program Services
32%
Contributions
6%
Other
<1%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$18,768,042
Offices, Occupancy & IT
51%
Salaries & Benefits
34%
Fees to Service Providers
7%
Other
6%
Depreciation
2%
Grants
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$355,350
$495,044
+39%
Government Grants
$0
$15,000
-
Fundraising Events
$0
$0
-
Program Services
$1,019,141
$2,845,584
+179%
Membership Dues
$0
$0
-
Investments
$1,734,353
$5,406,632
+212%
Other
$64,361
$25,350
-61%
Total Revenues
$3,173,205
$8,787,610
+177%
Expenses
2023
2024
Change
Grants
$10,000
$12,584
+26%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,199,701
$6,310,473
+50%
Fees to Service Providers
$1,217,817
$1,386,722
+14%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$3,922,881
$9,525,029
+143%
Interest
$0
$0
-
Depreciation
$6,195,037
$417,272
-93%
Other
$211,124
$1,115,962
+429%
Total Expenses
$15,756,560
$18,768,042
+19%
Net income
2023
2024
Change
Net income
-$12,583,355
-$9,980,432
+21%
Functional Expenses
Summary
2023
2024
Change
Program
$11,105,279
$11,069,452
0%
Admin
$4,158,531
$6,451,357
+55%
Fundraising
$492,750
$1,247,233
+153%
Total Expenses
$15,756,560
$18,768,042
+19%
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