Cornish College of the Arts
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2025
$29,372,906
Program Services
71%
Other
16%
Contributions
12%
Investments
1%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$30,328,924
Salaries & Benefits
43%
Grants
22%
Fees to Service Providers
12%
Depreciation
7%
Offices, Occupancy & IT
6%
Other
6%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$1,352,448
$3,548,895
+162%
Government Grants
$515,373
$171,153
-67%
Fundraising Events
$0
$0
-
Program Services
$18,774,933
$20,736,442
+10%
Membership Dues
$0
$0
-
Investments
$428,932
$307,032
-28%
Other
$973,189
$4,609,384
+374%
Total Revenues
$22,044,875
$29,372,906
+33%
Expenses
2024
2025
Change
Grants
$6,339,474
$6,738,526
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,522,395
$12,965,305
+4%
Fees to Service Providers
$3,955,557
$3,688,605
-7%
Advertising & Promotion
$243,493
$140,535
-42%
Offices, Occupancy & IT
$2,031,215
$1,921,709
-5%
Interest
$939,926
$921,808
-2%
Depreciation
$2,037,132
$2,195,432
+8%
Other
$3,040,604
$1,757,004
-42%
Total Expenses
$31,109,796
$30,328,924
-3%
Net income
2024
2025
Change
Net income
-$9,064,921
-$956,018
+89%
Functional Expenses
Summary
2024
2025
Change
Program
$24,481,153
$24,156,232
-1%
Admin
$6,132,859
$5,672,731
-8%
Fundraising
$495,784
$499,961
+1%
Total Expenses
$31,109,796
$30,328,924
-3%
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