Cabarrus Arts Council
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,037,523
Government Grants
34%
Contributions
23%
Program Services
17%
Fundraising Events
15%
Other
10%
Investments
1%
Membership Dues
0%
Expenses in 2024
$939,338
Salaries & Benefits
60%
Grants
24%
Other
11%
Offices, Occupancy & IT
3%
Advertising & Promotion
2%
Fees to Service Providers
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$198,481
$242,891
+22%
Government Grants
$276,185
$354,400
+28%
Fundraising Events
$86,679
$152,392
+76%
Program Services
$191,061
$171,728
-10%
Membership Dues
$0
$0
-
Investments
$0
$10,626
-
Other
$22,656
$105,486
+366%
Total Revenues
$775,062
$1,037,523
+34%
Expenses
2023
2024
Change
Grants
$185,079
$222,551
+20%
Benefits to Members
$0
$0
-
Salaries & Benefits
$480,067
$565,731
+18%
Fees to Service Providers
$3,750
$4,000
+7%
Advertising & Promotion
$10,904
$15,175
+39%
Offices, Occupancy & IT
$31,834
$27,629
-13%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$117,633
$104,252
-11%
Total Expenses
$829,267
$939,338
+13%
Net income
2023
2024
Change
Net income
-$54,205
+$98,185
-281%
Functional Expenses
Summary
2023
2024
Change
Program
$601,265
$696,412
+16%
Admin
$182,650
$170,080
-7%
Fundraising
$45,352
$72,846
+61%
Total Expenses
$829,267
$939,338
+13%
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