SAVANNAH COLLEGE OF ART AND DESIGN INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$882,534,327
Program Services
90%
Other
6%
Investments
3%
Contributions
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$628,340,257
Salaries & Benefits
35%
Grants
26%
Other
12%
Fees to Service Providers
10%
Depreciation
9%
Offices, Occupancy & IT
7%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$7,890,245
$3,618,458
-54%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$714,501,390
$798,387,509
+12%
Membership Dues
$0
$0
-
Investments
$16,372,545
$25,324,176
+55%
Other
$38,034,535
$55,204,184
+45%
Total Revenues
$776,798,715
$882,534,327
+14%
Expenses
2023
2024
Change
Grants
$155,641,690
$165,444,843
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$192,702,344
$219,163,273
+14%
Fees to Service Providers
$53,882,990
$65,450,811
+21%
Advertising & Promotion
$2,041,048
$2,551,485
+25%
Offices, Occupancy & IT
$32,684,504
$42,064,011
+29%
Interest
$127,806
$1,274,548
+897%
Depreciation
$49,146,203
$54,471,370
+11%
Other
$70,492,836
$77,919,916
+11%
Total Expenses
$556,719,421
$628,340,257
+13%
Net income
2023
2024
Change
Net income
+$220,079,294
+$254,194,070
+16%
Functional Expenses
Summary
2023
2024
Change
Program
$477,800,395
$541,239,842
+13%
Admin
$78,289,063
$86,473,992
+10%
Fundraising
$629,963
$626,423
-1%
Total Expenses
$556,719,421
$628,340,257
+13%
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