FREEPORT ARTS CENTER
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2025
$1,065,770
Contributions
58%
Government Grants
26%
Other
7%
Membership Dues
3%
Investments
3%
Program Services
2%
Fundraising Events
0%
Expenses in 2025
$360,907
Salaries & Benefits
54%
Other
22%
Depreciation
9%
Offices, Occupancy & IT
9%
Fees to Service Providers
5%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$397,131
$623,455
+57%
Government Grants
$480,236
$280,269
-42%
Fundraising Events
$0
$0
-
Program Services
$77,581
$20,672
-73%
Membership Dues
$56,531
$33,879
-40%
Investments
$26,809
$28,449
+6%
Other
$44,084
$79,046
+79%
Total Revenues
$1,082,372
$1,065,770
-2%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$211,888
$193,473
-9%
Fees to Service Providers
$17,912
$19,160
+7%
Advertising & Promotion
$2,153
$1,935
-10%
Offices, Occupancy & IT
$21,584
$32,369
+50%
Interest
$1,781
$0
-100%
Depreciation
$25,987
$33,397
+29%
Other
$72,011
$80,573
+12%
Total Expenses
$353,316
$360,907
+2%
Net income
2024
2025
Change
Net income
+$729,056
+$704,863
-3%
Functional Expenses
Summary
2024
2025
Change
Program
$226,680
$240,498
+6%
Admin
$92,063
$87,917
-5%
Fundraising
$34,573
$32,492
-6%
Total Expenses
$353,316
$360,907
+2%
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