METROPOLITAN ARTS COUNCIL
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,634,115
Contributions
69%
Government Grants
23%
Investments
4%
Program Services
4%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$2,785,301
Other
31%
Salaries & Benefits
20%
Grants
17%
Fees to Service Providers
14%
Advertising & Promotion
12%
Offices, Occupancy & IT
5%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,006,276
$2,521,759
-16%
Government Grants
$671,344
$829,057
+23%
Fundraising Events
$0
$0
-
Program Services
$173,902
$133,008
-24%
Membership Dues
$0
$0
-
Investments
$75,336
$150,291
+99%
Other
$0
$0
-
Total Revenues
$3,926,858
$3,634,115
-7%
Expenses
2023
2024
Change
Grants
$558,441
$482,200
-14%
Benefits to Members
$0
$0
-
Salaries & Benefits
$515,837
$565,487
+10%
Fees to Service Providers
$354,192
$401,914
+13%
Advertising & Promotion
$213,206
$324,811
+52%
Offices, Occupancy & IT
$177,253
$146,085
-18%
Interest
$0
$0
-
Depreciation
$3,012
$3,874
+29%
Other
$863,637
$860,930
0%
Total Expenses
$2,685,578
$2,785,301
+4%
Net income
2023
2024
Change
Net income
+$1,241,280
+$848,814
-32%
Functional Expenses
Summary
2023
2024
Change
Program
$2,103,738
$2,167,265
+3%
Admin
$492,220
$530,279
+8%
Fundraising
$89,620
$87,757
-2%
Total Expenses
$2,685,578
$2,785,301
+4%
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