THE VIRGINIA ARTS FESTIVAL INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$19,485,044
Contributions
64%
Government Grants
17%
Program Services
14%
Investments
5%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$12,372,172
Other
55%
Salaries & Benefits
31%
Advertising & Promotion
6%
Offices, Occupancy & IT
4%
Depreciation
3%
Fees to Service Providers
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$9,561,257
$12,430,516
+30%
Government Grants
$3,376,383
$3,273,351
-3%
Fundraising Events
$0
$0
-
Program Services
$2,399,263
$2,632,952
+10%
Membership Dues
$0
$0
-
Investments
$885,707
$1,064,751
+20%
Other
$188,999
$83,474
-56%
Total Revenues
$16,411,609
$19,485,044
+19%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,487,751
$3,791,948
+9%
Fees to Service Providers
$72,228
$84,891
+18%
Advertising & Promotion
$327,890
$734,929
+124%
Offices, Occupancy & IT
$408,087
$496,106
+22%
Interest
$0
$0
-
Depreciation
$386,369
$411,827
+7%
Other
$5,779,692
$6,852,471
+19%
Total Expenses
$10,462,017
$12,372,172
+18%
Net income
2024
2025
Change
Net income
+$5,949,592
+$7,112,872
+20%
Functional Expenses
Summary
2024
2025
Change
Program
$7,921,783
$9,800,455
+24%
Admin
$1,585,244
$1,473,429
-7%
Fundraising
$954,990
$1,098,288
+15%
Total Expenses
$10,462,017
$12,372,172
+18%
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