STUDIO ART QUILT ASSOCIATES INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,150,022
Program Services
57%
Contributions
32%
Other
10%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,212,039
Salaries & Benefits
41%
Offices, Occupancy & IT
21%
Fees to Service Providers
20%
Other
10%
Advertising & Promotion
7%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$488,402
$373,099
-24%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$702,111
$654,960
-7%
Membership Dues
$0
$0
-
Investments
$11,094
$7,034
-37%
Other
$129,164
$114,929
-11%
Total Revenues
$1,330,771
$1,150,022
-14%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$482,184
$502,265
+4%
Fees to Service Providers
$268,879
$244,449
-9%
Advertising & Promotion
$97,175
$82,713
-15%
Offices, Occupancy & IT
$296,084
$259,499
-12%
Interest
$0
$0
-
Depreciation
$6,663
$7,726
+16%
Other
$301,932
$115,387
-62%
Total Expenses
$1,452,917
$1,212,039
-17%
Net income
2023
2024
Change
Net income
-$122,146
-$62,017
+49%
Functional Expenses
Summary
2023
2024
Change
Program
$1,178,511
$937,993
-20%
Admin
$184,479
$185,529
+1%
Fundraising
$89,927
$88,517
-2%
Total Expenses
$1,452,917
$1,212,039
-17%
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