MID ATLANTIC ARTS INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$8,190,396
Government Grants
67%
Contributions
23%
Investments
7%
Other
3%
Fundraising Events
<1%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$7,921,546
Grants
43%
Salaries & Benefits
26%
Fees to Service Providers
16%
Other
8%
Offices, Occupancy & IT
6%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,210,033
$1,912,035
+58%
Government Grants
$5,256,456
$5,455,844
+4%
Fundraising Events
$10,200
$13,282
+30%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$172,331
$561,328
+226%
Other
-$52,836
$247,907
-569%
Total Revenues
$6,596,184
$8,190,396
+24%
Expenses
2023
2024
Change
Grants
$3,807,731
$3,380,558
-11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,515,529
$2,055,640
+36%
Fees to Service Providers
$438,546
$1,268,394
+189%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$304,792
$499,352
+64%
Interest
$0
$0
-
Depreciation
$41,573
$59,378
+43%
Other
$372,440
$658,224
+77%
Total Expenses
$6,480,611
$7,921,546
+22%
Net income
2023
2024
Change
Net income
+$115,573
+$268,850
+133%
Functional Expenses
Summary
2023
2024
Change
Program
$5,410,940
$6,598,624
+22%
Admin
$943,529
$1,204,270
+28%
Fundraising
$126,142
$118,652
-6%
Total Expenses
$6,480,611
$7,921,546
+22%
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