AMERICAN QUILT STUDY GROUP
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$659,533
Contributions
48%
Program Services
31%
Membership Dues
11%
Other
6%
Investments
4%
Government Grants
0%
Fundraising Events
0%
Expenses in 2024
$497,866
Other
48%
Salaries & Benefits
32%
Offices, Occupancy & IT
15%
Fees to Service Providers
5%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$178,957
$313,407
+75%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$204,220
$207,641
+2%
Membership Dues
$79,723
$71,364
-10%
Investments
$17,572
$25,448
+45%
Other
$44,300
$41,673
-6%
Total Revenues
$524,772
$659,533
+26%
Expenses
2023
2024
Change
Grants
$7,751
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$142,234
$158,887
+12%
Fees to Service Providers
$29,057
$26,323
-9%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$32,529
$72,893
+124%
Interest
$0
$0
-
Depreciation
$245
$485
+98%
Other
$238,371
$239,278
+0%
Total Expenses
$450,187
$497,866
+11%
Net income
2023
2024
Change
Net income
+$74,585
+$161,667
+117%
Functional Expenses
Summary
2023
2024
Change
Program
$332,990
$357,565
+7%
Admin
$114,264
$135,619
+19%
Fundraising
$2,933
$4,682
+60%
Total Expenses
$450,187
$497,866
+11%
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