THE FREDERICK ARTS COUNCIL INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$964,081
Government Grants
57%
Program Services
17%
Other
15%
Contributions
11%
Membership Dues
<1%
Investments
<1%
Fundraising Events
0%
Expenses in 2024
$1,120,295
Grants
28%
Other
24%
Offices, Occupancy & IT
19%
Salaries & Benefits
18%
Fees to Service Providers
4%
Interest
4%
Advertising & Promotion
2%
Depreciation
2%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$543,550
$106,119
-80%
Government Grants
$564,212
$548,493
-3%
Fundraising Events
$0
$0
-
Program Services
$63,324
$163,180
+158%
Membership Dues
$5,425
$6,017
+11%
Investments
$101
$26
-74%
Other
$0
$140,246
-
Total Revenues
$1,176,612
$964,081
-18%
Expenses
2023
2024
Change
Grants
$283,601
$308,606
+9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$207,484
$203,680
-2%
Fees to Service Providers
$75,231
$44,839
-40%
Advertising & Promotion
$16,432
$17,166
+4%
Offices, Occupancy & IT
$96,440
$216,812
+125%
Interest
$24,791
$41,619
+68%
Depreciation
$16,121
$16,869
+5%
Other
$609,709
$270,704
-56%
Total Expenses
$1,329,809
$1,120,295
-16%
Net income
2023
2024
Change
Net income
-$153,197
-$156,214
-2%
Functional Expenses
Summary
2023
2024
Change
Program
$1,137,350
$949,234
-17%
Admin
$173,929
$152,730
-12%
Fundraising
$18,530
$18,331
-1%
Total Expenses
$1,329,809
$1,120,295
-16%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)