HIGH POINT ARTS COUNCIL INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$858,500
Contributions
59%
Government Grants
26%
Other
13%
Program Services
2%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$435,194
Salaries & Benefits
47%
Other
21%
Offices, Occupancy & IT
9%
Grants
9%
Depreciation
8%
Fees to Service Providers
5%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$130,592
$510,036
+291%
Government Grants
$406,180
$221,614
-45%
Fundraising Events
$0
$0
-
Program Services
$1,854
$15,927
+759%
Membership Dues
$0
$0
-
Investments
$948
$1,566
+65%
Other
$83,640
$109,357
+31%
Total Revenues
$623,214
$858,500
+38%
Expenses
2023
2024
Change
Grants
$48,000
$38,625
-20%
Benefits to Members
$0
$0
-
Salaries & Benefits
$101,647
$206,410
+103%
Fees to Service Providers
$28,821
$20,472
-29%
Advertising & Promotion
$0
$3,472
-
Offices, Occupancy & IT
$37,164
$40,167
+8%
Interest
$0
$0
-
Depreciation
$31,985
$35,795
+12%
Other
$241,556
$90,253
-63%
Total Expenses
$489,173
$435,194
-11%
Net income
2023
2024
Change
Net income
+$134,041
+$423,306
+216%
Functional Expenses
Summary
2023
2024
Change
Program
$365,720
$329,932
-10%
Admin
$99,596
$71,776
-28%
Fundraising
$23,857
$33,486
+40%
Total Expenses
$489,173
$435,194
-11%
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