DELAWARE COLLEGE OF ART AND DESIGN
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,870,478
Program Services
79%
Contributions
10%
Government Grants
9%
Other
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$7,607,062
Salaries & Benefits
30%
Other
26%
Offices, Occupancy & IT
21%
Grants
14%
Advertising & Promotion
4%
Depreciation
3%
Interest
2%
Fees to Service Providers
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$691,788
$498,409
-28%
Government Grants
$90,164
$425,122
+371%
Fundraising Events
$0
$0
-
Program Services
$4,359,055
$3,859,128
-11%
Membership Dues
$0
$0
-
Investments
$24,697
$39,771
+61%
Other
-$857,982
$48,048
-106%
Total Revenues
$4,307,722
$4,870,478
+13%
Expenses
2023
2024
Change
Grants
$1,221,408
$1,090,623
-11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,414,932
$2,274,277
-6%
Fees to Service Providers
$130,303
$68,461
-47%
Advertising & Promotion
$76,525
$309,134
+304%
Offices, Occupancy & IT
$1,096,073
$1,572,302
+43%
Interest
$181,245
$158,235
-13%
Depreciation
$363,124
$190,668
-47%
Other
$966,182
$1,943,362
+101%
Total Expenses
$6,449,792
$7,607,062
+18%
Net income
2023
2024
Change
Net income
-$2,142,070
-$2,736,584
-28%
Functional Expenses
Summary
2023
2024
Change
Program
$3,936,439
$3,928,223
0%
Admin
$2,125,395
$3,259,424
+53%
Fundraising
$387,958
$419,415
+8%
Total Expenses
$6,449,792
$7,607,062
+18%
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