Arts Council Wichita Falls Area Inc
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$1,085,653
Contributions
47%
Program Services
23%
Other
20%
Fundraising Events
8%
Membership Dues
2%
Investments
<1%
Government Grants
0%
Expenses in 2024
$1,224,712
Salaries & Benefits
41%
Other
27%
Depreciation
21%
Offices, Occupancy & IT
8%
Fees to Service Providers
1%
Advertising & Promotion
<1%
Grants
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$352,687
$511,556
+45%
Government Grants
$0
$0
-
Fundraising Events
$113,244
$91,894
-19%
Program Services
$388,740
$247,523
-36%
Membership Dues
$23,605
$18,555
-21%
Investments
$1,481
$3,528
+138%
Other
$186,974
$212,597
+14%
Total Revenues
$1,066,731
$1,085,653
+2%
Expenses
2023
2024
Change
Grants
$18,387
$8,717
-53%
Benefits to Members
$0
$0
-
Salaries & Benefits
$55,000
$507,280
+822%
Fees to Service Providers
$15,000
$17,200
+15%
Advertising & Promotion
$21,696
$11,358
-48%
Offices, Occupancy & IT
$41,342
$93,157
+125%
Interest
$0
$0
-
Depreciation
$251,106
$260,134
+4%
Other
$724,261
$326,866
-55%
Total Expenses
$1,126,792
$1,224,712
+9%
Net income
2023
2024
Change
Net income
-$60,061
-$139,059
-132%
Functional Expenses
Summary
2023
2024
Change
Program
$666,392
$732,914
+10%
Admin
$171,784
$180,964
+5%
Fundraising
$288,616
$310,834
+8%
Total Expenses
$1,126,792
$1,224,712
+9%
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