CHESAPEAKE ARTS CENTER INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,259,959
Program Services
41%
Government Grants
26%
Contributions
26%
Fundraising Events
3%
Investments
2%
Membership Dues
1%
Other
1%
Expenses in 2024
$1,610,975
Salaries & Benefits
56%
Other
32%
Depreciation
6%
Offices, Occupancy & IT
4%
Advertising & Promotion
2%
Fees to Service Providers
1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$361,767
$322,215
-11%
Government Grants
$399,038
$330,070
-17%
Fundraising Events
$29,235
$33,870
+16%
Program Services
$585,764
$519,614
-11%
Membership Dues
$0
$15,315
-
Investments
$14,692
$23,583
+61%
Other
$10,521
$15,292
+45%
Total Revenues
$1,401,017
$1,259,959
-10%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$728,895
$895,482
+23%
Fees to Service Providers
$25,515
$18,540
-27%
Advertising & Promotion
$23,150
$36,568
+58%
Offices, Occupancy & IT
$68,790
$57,646
-16%
Interest
$0
$0
-
Depreciation
$91,399
$90,258
-1%
Other
$375,502
$512,481
+36%
Total Expenses
$1,313,251
$1,610,975
+23%
Net income
2023
2024
Change
Net income
+$87,766
-$351,016
-500%
Functional Expenses
Summary
2023
2024
Change
Program
$1,188,098
$1,464,738
+23%
Admin
$99,444
$118,817
+19%
Fundraising
$25,709
$27,420
+7%
Total Expenses
$1,313,251
$1,610,975
+23%
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