THE ARTS COUNCIL INC
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$5,498,748
Government Grants
52%
Contributions
37%
Program Services
9%
Other
2%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$6,181,158
Grants
45%
Salaries & Benefits
22%
Other
12%
Depreciation
9%
Offices, Occupancy & IT
7%
Fees to Service Providers
5%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,498,236
$2,044,005
+36%
Government Grants
$1,359,807
$2,855,885
+110%
Fundraising Events
$0
$0
-
Program Services
$433,448
$481,080
+11%
Membership Dues
$0
$0
-
Investments
$106,017
$16,122
-85%
Other
-$51,858
$101,656
-296%
Total Revenues
$3,345,650
$5,498,748
+64%
Expenses
2023
2024
Change
Grants
$1,874,238
$2,774,715
+48%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,280,268
$1,368,122
+7%
Fees to Service Providers
$142,568
$312,125
+119%
Advertising & Promotion
$28,505
$37,087
+30%
Offices, Occupancy & IT
$381,347
$417,672
+10%
Interest
$51,993
$4,512
-91%
Depreciation
$586,099
$551,881
-6%
Other
$450,122
$715,044
+59%
Total Expenses
$4,795,140
$6,181,158
+29%
Net income
2023
2024
Change
Net income
-$1,449,490
-$682,410
+53%
Functional Expenses
Summary
2023
2024
Change
Program
$4,126,467
$5,569,832
+35%
Admin
$319,376
$365,208
+14%
Fundraising
$349,297
$246,118
-30%
Total Expenses
$4,795,140
$6,181,158
+29%
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