TARA INSTITUTE OF THE PERFORMING ARTS
Income Statement
Fiscal Year Start:
Aug 1
Revenues in 2024
$2,463,142
Program Services
66%
Contributions
31%
Other
3%
Investments
<1%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$2,366,110
Salaries & Benefits
43%
Other
25%
Grants
20%
Interest
4%
Offices, Occupancy & IT
3%
Depreciation
3%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$638,915
$761,256
+19%
Government Grants
$272,019
$0
-100%
Fundraising Events
$0
$2,800
-
Program Services
$1,106,535
$1,626,918
+47%
Membership Dues
$0
$0
-
Investments
$24
$8,288
+34433%
Other
$9,527
$63,880
+571%
Total Revenues
$2,027,020
$2,463,142
+22%
Expenses
2023
2024
Change
Grants
$418,671
$461,957
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,055,326
$1,029,127
-2%
Fees to Service Providers
$59,082
$45,231
-23%
Advertising & Promotion
$3,456
$5,945
+72%
Offices, Occupancy & IT
$99,930
$75,141
-25%
Interest
$23,232
$95,952
+313%
Depreciation
$65,850
$65,753
0%
Other
$508,768
$587,004
+15%
Total Expenses
$2,234,315
$2,366,110
+6%
Net income
2023
2024
Change
Net income
-$207,295
+$97,032
-147%
Functional Expenses
Summary
2023
2024
Change
Program
$1,885,745
$2,008,727
+7%
Admin
$279,313
$283,722
+2%
Fundraising
$69,257
$73,660
+6%
Total Expenses
$2,234,315
$2,366,110
+6%
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