FORT WORTH ART ASSOCIATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$18,897,893
Investments
46%
Other
34%
Contributions
11%
Membership Dues
6%
Program Services
3%
Government Grants
0%
Fundraising Events
0%
Expenses in 2024
$21,835,564
Other
37%
Salaries & Benefits
34%
Grants
20%
Offices, Occupancy & IT
5%
Depreciation
2%
Fees to Service Providers
1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,451,405
$2,123,669
-13%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$486,772
$486,349
0%
Membership Dues
$1,070,954
$1,074,568
+0%
Investments
$6,766,077
$8,694,555
+29%
Other
$7,727,726
$6,518,752
-16%
Total Revenues
$18,502,934
$18,897,893
+2%
Expenses
2023
2024
Change
Grants
$90,000
$4,420,000
+4811%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,826,313
$7,451,322
+9%
Fees to Service Providers
$165,891
$300,995
+81%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,210,789
$1,070,534
-12%
Interest
$0
$0
-
Depreciation
$513,478
$490,916
-4%
Other
$7,761,762
$8,101,797
+4%
Total Expenses
$16,568,233
$21,835,564
+32%
Net income
2023
2024
Change
Net income
+$1,934,701
-$2,937,671
-252%
Functional Expenses
Summary
2023
2024
Change
Program
$11,743,973
$16,492,762
+40%
Admin
$4,824,260
$5,342,802
+11%
Fundraising
$0
$0
-
Total Expenses
$16,568,233
$21,835,564
+32%
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