FORWARD ARTS FOUNDATION INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,098,202
Other
57%
Fundraising Events
23%
Investments
9%
Contributions
6%
Membership Dues
5%
Government Grants
0%
Program Services
0%
Expenses in 2024
$2,536,942
Salaries & Benefits
53%
Other
18%
Offices, Occupancy & IT
10%
Grants
8%
Depreciation
7%
Fees to Service Providers
3%
Advertising & Promotion
2%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$128,027
$188,809
+47%
Government Grants
$57,166
$0
-100%
Fundraising Events
$635,204
$720,913
+13%
Program Services
$0
$0
-
Membership Dues
$171,200
$158,901
-7%
Investments
$102,310
$275,204
+169%
Other
$1,522,817
$1,754,375
+15%
Total Revenues
$2,616,724
$3,098,202
+18%
Expenses
2023
2024
Change
Grants
$62,300
$205,500
+230%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,087,486
$1,338,792
+23%
Fees to Service Providers
$93,618
$63,511
-32%
Advertising & Promotion
$34,350
$40,691
+18%
Offices, Occupancy & IT
$240,782
$255,494
+6%
Interest
$0
$0
-
Depreciation
$174,397
$186,764
+7%
Other
$447,272
$446,190
0%
Total Expenses
$2,140,205
$2,536,942
+19%
Net income
2023
2024
Change
Net income
+$476,519
+$561,260
+18%
Functional Expenses
Summary
2023
2024
Change
Program
$1,957,187
$2,310,140
+18%
Admin
$159,846
$197,378
+23%
Fundraising
$23,172
$29,424
+27%
Total Expenses
$2,140,205
$2,536,942
+19%
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