Logo for "VIRGINIA AFRICAN AMERICAN CULTURAL CENTER INC"

VIRGINIA AFRICAN AMERICAN CULTURAL CENTER INC

VIRGINIA AFRICAN AMERICAN CULTURAL CENTER INC

Virginia Beach, VA, US
501(c)3
EIN
47-5250120
Regional Funder
Logo for "VIRGINIA AFRICAN AMERICAN CULTURAL CENTER INC"

VIRGINIA AFRICAN AMERICAN CULTURAL CENTER INC

Virginia Beach, VA, US
501(c)3
EIN
47-5250120
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$481,945

Government Grants
66%
Contributions
26%
Fundraising Events
4%
Other
4%
Membership Dues
<1%
Investments
<1%
Program Services
0%
Expenses in 2024

$391,956

Grants
63%
Offices, Occupancy & IT
17%
Fees to Service Providers
17%
Salaries & Benefits
4%
Other
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$6,864
$125,000
+1721%
Government Grants
$493,803
$316,562
-36%
Fundraising Events
$0
$17,920
-
Program Services
$0
$0
-
Membership Dues
$13,613
$3,600
-74%
Investments
$0
$943
-
Other
$17,142
$17,920
+5%
Total Revenues
$531,422
$481,945
-9%
Expenses
2023
2024
Change
Grants
$444,003
$246,000
-45%
Benefits to Members
$0
$0
-
Salaries & Benefits
$94,757
$14,369
-85%
Fees to Service Providers
$130,787
$64,970
-50%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$21,999
$65,630
+198%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$662
$987
+49%
Total Expenses
$692,208
$391,956
-43%
Net income
2023
2024
Change
Net income
-$160,786
+$89,989
-156%
Functional Expenses
Summary
2023
2024
Change
Program
$606,475
$325,930
-46%
Admin
$76,565
$66,026
-14%
Fundraising
$9,168
$0
-100%
Total Expenses
$692,208
$391,956
-43%
Income Statement
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