INSPIRATION STUDIOS
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,129,342
Program Services
48%
Contributions
36%
Government Grants
11%
Other
5%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$810,540
Salaries & Benefits
57%
Other
13%
Offices, Occupancy & IT
12%
Depreciation
10%
Fees to Service Providers
7%
Advertising & Promotion
1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$200,547
$411,237
+105%
Government Grants
$617,339
$125,001
-80%
Fundraising Events
$0
$0
-
Program Services
$45,812
$537,033
+1072%
Membership Dues
$0
$0
-
Investments
$8,412
$1,322
-84%
Other
$62,989
$54,749
-13%
Total Revenues
$935,099
$1,129,342
+21%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$457,363
$462,320
+1%
Fees to Service Providers
$48,766
$53,886
+10%
Advertising & Promotion
$6,201
$9,275
+50%
Offices, Occupancy & IT
$66,030
$97,624
+48%
Interest
$0
$0
-
Depreciation
$95,168
$83,819
-12%
Other
$78,745
$103,616
+32%
Total Expenses
$752,273
$810,540
+8%
Net income
2023
2024
Change
Net income
+$182,826
+$318,802
+74%
Functional Expenses
Summary
2023
2024
Change
Program
$561,046
$560,031
0%
Admin
$137,904
$168,439
+22%
Fundraising
$53,323
$82,070
+54%
Total Expenses
$752,273
$810,540
+8%
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