THE CENTER FOR THE ARTS
Income Statement
Fiscal Year Start:
Nov 1
Revenues in 2024
$3,074,395
Contributions
40%
Fundraising Events
21%
Other
19%
Program Services
18%
Government Grants
2%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$3,588,420
Salaries & Benefits
40%
Other
26%
Depreciation
17%
Offices, Occupancy & IT
9%
Advertising & Promotion
4%
Interest
2%
Fees to Service Providers
2%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,120,059
$1,220,798
+9%
Government Grants
$3,500
$68,219
+1849%
Fundraising Events
$723,260
$637,872
-12%
Program Services
$618,080
$546,372
-12%
Membership Dues
$0
$0
-
Investments
$750
$3,782
+404%
Other
$536,412
$597,352
+11%
Total Revenues
$3,002,061
$3,074,395
+2%
Expenses
2023
2024
Change
Grants
$5,000
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,272,433
$1,453,274
+14%
Fees to Service Providers
$85,405
$66,168
-23%
Advertising & Promotion
$81,954
$128,799
+57%
Offices, Occupancy & IT
$330,789
$318,509
-4%
Interest
$94,766
$86,250
-9%
Depreciation
$560,135
$605,706
+8%
Other
$1,097,461
$929,714
-15%
Total Expenses
$3,527,943
$3,588,420
+2%
Net income
2023
2024
Change
Net income
-$525,882
-$514,025
+2%
Functional Expenses
Summary
2023
2024
Change
Program
$1,724,970
$1,883,171
+9%
Admin
$1,627,624
$1,533,181
-6%
Fundraising
$175,349
$172,068
-2%
Total Expenses
$3,527,943
$3,588,420
+2%
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