Meridian Art Association
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$396,954
Contributions
75%
Membership Dues
14%
Other
4%
Program Services
3%
Government Grants
2%
Investments
1%
Fundraising Events
0%
Expenses in 2025
$181,539
Salaries & Benefits
55%
Other
30%
Offices, Occupancy & IT
7%
Fees to Service Providers
5%
Depreciation
3%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$97,025
$299,620
+209%
Government Grants
$5,440
$9,600
+76%
Fundraising Events
$0
$0
-
Program Services
$11,175
$10,805
-3%
Membership Dues
$63,235
$55,205
-13%
Investments
$3,255
$4,475
+37%
Other
$34,194
$17,249
-50%
Total Revenues
$214,324
$396,954
+85%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$93,311
$99,108
+6%
Fees to Service Providers
$6,084
$9,593
+58%
Advertising & Promotion
$3,531
$1,760
-50%
Offices, Occupancy & IT
$10,862
$12,424
+14%
Interest
$0
$0
-
Depreciation
$4,805
$4,805
+0%
Other
$62,794
$53,849
-14%
Total Expenses
$181,387
$181,539
+0%
Net income
2024
2025
Change
Net income
+$32,937
+$215,415
+554%
Functional Expenses
Summary
2024
2025
Change
Program
$149,350
$142,070
-5%
Admin
$31,963
$39,469
+23%
Fundraising
$74
$0
-100%
Total Expenses
$181,387
$181,539
+0%
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