CREATIVE HUB WORCESTER
Income Statement
Fiscal Year Start:
Feb 1
Revenues in 2025
$1,470,321
Government Grants
86%
Program Services
12%
Contributions
1%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$838,852
Salaries & Benefits
40%
Other
32%
Interest
12%
Fees to Service Providers
12%
Offices, Occupancy & IT
2%
Depreciation
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$755,143
$19,134
-97%
Government Grants
$884,795
$1,258,492
+42%
Fundraising Events
$0
$0
-
Program Services
$228,318
$175,537
-23%
Membership Dues
$0
$0
-
Investments
$12,767
$14,553
+14%
Other
$22,250
$2,605
-88%
Total Revenues
$1,903,273
$1,470,321
-23%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$293,492
$337,501
+15%
Fees to Service Providers
$50,924
$99,344
+95%
Advertising & Promotion
$43,838
$278
-99%
Offices, Occupancy & IT
$17,772
$18,211
+2%
Interest
$58,891
$99,997
+70%
Depreciation
$14,747
$14,747
+0%
Other
$204,347
$268,774
+32%
Total Expenses
$684,011
$838,852
+23%
Net income
2024
2025
Change
Net income
+$1,219,262
+$631,469
-48%
Functional Expenses
Summary
2024
2025
Change
Program
$508,157
$377,362
-26%
Admin
$151,252
$440,325
+191%
Fundraising
$24,602
$21,165
-14%
Total Expenses
$684,011
$838,852
+23%
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