Logo for "THE VISUAL ARTS CENTER OF RICHMOND"

THE VISUAL ARTS CENTER OF RICHMOND

THE VISUAL ARTS CENTER OF RICHMOND

RICHMOND, VA, US
501(c)(3)
EIN
54-0721433
Fund Raising & Fund Distribution
Logo for "THE VISUAL ARTS CENTER OF RICHMOND"

THE VISUAL ARTS CENTER OF RICHMOND

RICHMOND, VA, US
501(c)(3)
EIN
54-0721433
Fund Raising & Fund Distribution

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$2,836,190

Program Services
66%
Contributions
24%
Membership Dues
4%
Government Grants
3%
Other
2%
Investments
1%
Fundraising Events
0%
Expenses in 2024

$3,173,080

Salaries & Benefits
59%
Other
14%
Offices, Occupancy & IT
11%
Fees to Service Providers
9%
Depreciation
5%
Advertising & Promotion
2%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$829,292
$673,646
-19%
Government Grants
$203,204
$93,591
-54%
Fundraising Events
$0
$0
-
Program Services
$1,701,104
$1,877,182
+10%
Membership Dues
$90,118
$105,390
+17%
Investments
$2,819
$28,458
+910%
Other
$16,501
$57,923
+251%
Total Revenues
$2,843,038
$2,836,190
0%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,758,750
$1,862,437
+6%
Fees to Service Providers
$257,131
$298,869
+16%
Advertising & Promotion
$53,529
$55,735
+4%
Offices, Occupancy & IT
$321,811
$337,595
+5%
Interest
$25,917
$0
-100%
Depreciation
$175,476
$165,002
-6%
Other
$496,170
$453,442
-9%
Total Expenses
$3,088,784
$3,173,080
+3%
Net income
2023
2024
Change
Net income
-$245,746
-$336,890
-37%
Functional Expenses
Summary
2023
2024
Change
Program
$2,265,801
$2,388,940
+5%
Admin
$326,998
$297,650
-9%
Fundraising
$495,985
$486,490
-2%
Total Expenses
$3,088,784
$3,173,080
+3%
Income Statement
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