SOUTH ARTS INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$8,298,403
Government Grants
47%
Contributions
47%
Investments
4%
Program Services
1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$10,383,597
Grants
43%
Salaries & Benefits
27%
Fees to Service Providers
20%
Other
6%
Offices, Occupancy & IT
2%
Advertising & Promotion
1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$6,181,954
$3,870,939
-37%
Government Grants
$2,822,747
$3,935,569
+39%
Fundraising Events
$0
$0
-
Program Services
$131,811
$121,743
-8%
Membership Dues
$0
$0
-
Investments
$209,368
$349,936
+67%
Other
$54,737
$20,216
-63%
Total Revenues
$9,400,617
$8,298,403
-12%
Expenses
2023
2024
Change
Grants
$4,595,696
$4,471,635
-3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,252,618
$2,786,593
+24%
Fees to Service Providers
$993,783
$2,077,561
+109%
Advertising & Promotion
$42,372
$150,916
+256%
Offices, Occupancy & IT
$243,717
$225,053
-8%
Interest
$0
$0
-
Depreciation
$19,545
$22,695
+16%
Other
$595,383
$649,144
+9%
Total Expenses
$8,743,114
$10,383,597
+19%
Net income
2023
2024
Change
Net income
+$657,503
-$2,085,194
-417%
Functional Expenses
Summary
2023
2024
Change
Program
$6,736,567
$7,547,815
+12%
Admin
$1,693,727
$2,459,392
+45%
Fundraising
$312,820
$376,390
+20%
Total Expenses
$8,743,114
$10,383,597
+19%
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