LINCOLN ARTS COUNCIL
Income Statement
Fiscal Year Start:
Nov 1
Revenues in 2024
$637,493
Program Services
45%
Contributions
35%
Government Grants
15%
Membership Dues
4%
Investments
<1%
Other
<1%
Fundraising Events
0%
Expenses in 2024
$946,388
Salaries & Benefits
47%
Other
42%
Offices, Occupancy & IT
6%
Advertising & Promotion
4%
Fees to Service Providers
<1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$115,918
$225,262
+94%
Government Grants
$124,941
$95,609
-23%
Fundraising Events
$0
$0
-
Program Services
$289,792
$284,909
-2%
Membership Dues
$46,186
$25,519
-45%
Investments
$16,484
$5,694
-65%
Other
$0
$500
-
Total Revenues
$593,321
$637,493
+7%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$385,920
$441,060
+14%
Fees to Service Providers
$8,897
$6,407
-28%
Advertising & Promotion
$23,776
$38,743
+63%
Offices, Occupancy & IT
$49,467
$59,445
+20%
Interest
$0
$0
-
Depreciation
$817
$287
-65%
Other
$305,037
$400,446
+31%
Total Expenses
$773,914
$946,388
+22%
Net income
2023
2024
Change
Net income
-$180,593
-$308,895
-71%
Functional Expenses
Summary
2023
2024
Change
Program
$494,756
$613,198
+24%
Admin
$187,699
$180,541
-4%
Fundraising
$91,459
$152,649
+67%
Total Expenses
$773,914
$946,388
+22%
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