EMPIRE ARTS CENTER
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$657,742
Program Services
45%
Contributions
30%
Other
20%
Fundraising Events
3%
Investments
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$712,828
Other
48%
Salaries & Benefits
23%
Offices, Occupancy & IT
15%
Depreciation
12%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$109,116
$199,161
+83%
Government Grants
$0
$0
-
Fundraising Events
$18,265
$22,799
+25%
Program Services
$224,535
$297,423
+32%
Membership Dues
$0
$0
-
Investments
$3,436
$3,605
+5%
Other
$89,772
$134,754
+50%
Total Revenues
$445,124
$657,742
+48%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$134,915
$166,808
+24%
Fees to Service Providers
$25,612
$16,601
-35%
Advertising & Promotion
$422
$1,218
+189%
Offices, Occupancy & IT
$57,091
$104,450
+83%
Interest
$419
$319
-24%
Depreciation
$81,412
$82,498
+1%
Other
$225,559
$340,934
+51%
Total Expenses
$525,430
$712,828
+36%
Net income
2023
2024
Change
Net income
-$80,306
-$55,086
+31%
Functional Expenses
Summary
2023
2024
Change
Program
$416,406
$595,787
+43%
Admin
$80,512
$79,603
-1%
Fundraising
$28,512
$37,438
+31%
Total Expenses
$525,430
$712,828
+36%
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