Virginia Beach Art Center Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2025
$511,034
Program Services
62%
Contributions
22%
Government Grants
9%
Other
5%
Investments
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$515,596
Salaries & Benefits
43%
Other
28%
Offices, Occupancy & IT
26%
Depreciation
2%
Advertising & Promotion
1%
Fees to Service Providers
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$98,581
$112,236
+14%
Government Grants
$39,037
$47,818
+22%
Fundraising Events
$0
$0
-
Program Services
$297,550
$314,803
+6%
Membership Dues
$0
$0
-
Investments
$12,047
$10,825
-10%
Other
$22,005
$25,352
+15%
Total Revenues
$469,220
$511,034
+9%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$198,008
$221,597
+12%
Fees to Service Providers
$300
$2,850
+850%
Advertising & Promotion
$6,626
$5,530
-17%
Offices, Occupancy & IT
$124,781
$132,519
+6%
Interest
$0
$0
-
Depreciation
$10,926
$8,118
-26%
Other
$133,753
$144,982
+8%
Total Expenses
$474,394
$515,596
+9%
Net income
2024
2025
Change
Net income
-$5,174
-$4,562
+12%
Functional Expenses
Summary
2024
2025
Change
Program
$292,492
$323,290
+11%
Admin
$154,113
$171,373
+11%
Fundraising
$27,789
$20,933
-25%
Total Expenses
$474,394
$515,596
+9%
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