The Smith Center for the Performing Arts
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$37,022,971
Program Services
59%
Government Grants
14%
Contributions
12%
Other
9%
Investments
6%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$36,070,015
Other
38%
Salaries & Benefits
35%
Depreciation
14%
Offices, Occupancy & IT
10%
Advertising & Promotion
3%
Fees to Service Providers
1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$8,040,263
$4,321,011
-46%
Government Grants
$0
$5,000,000
-
Fundraising Events
$0
$0
-
Program Services
$32,107,385
$21,974,592
-32%
Membership Dues
$0
$0
-
Investments
$1,697,385
$2,403,787
+42%
Other
$2,918,386
$3,323,581
+14%
Total Revenues
$44,763,419
$37,022,971
-17%
Expenses
2023
2024
Change
Grants
$120,000
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$11,384,052
$12,453,175
+9%
Fees to Service Providers
$201,841
$405,036
+101%
Advertising & Promotion
$1,483,927
$1,059,044
-29%
Offices, Occupancy & IT
$1,482,949
$3,494,649
+136%
Interest
$0
$227
-
Depreciation
$5,869,154
$5,031,514
-14%
Other
$25,323,663
$13,626,370
-46%
Total Expenses
$45,865,586
$36,070,015
-21%
Net income
2023
2024
Change
Net income
-$1,102,167
+$952,956
-186%
Functional Expenses
Summary
2023
2024
Change
Program
$34,589,482
$27,332,287
-21%
Admin
$8,443,785
$7,720,068
-9%
Fundraising
$2,832,319
$1,017,660
-64%
Total Expenses
$45,865,586
$36,070,015
-21%
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