THE SEATTLE ACADEMY OF ARTS & SCIENCES
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$75,774,051
Program Services
81%
Contributions
10%
Investments
6%
Fundraising Events
2%
Other
1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$67,462,141
Salaries & Benefits
48%
Grants
19%
Other
13%
Interest
7%
Offices, Occupancy & IT
7%
Depreciation
4%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$7,917,365
$7,538,926
-5%
Government Grants
$0
$0
-
Fundraising Events
$976,330
$1,410,543
+44%
Program Services
$52,894,494
$61,348,264
+16%
Membership Dues
$0
$0
-
Investments
$957,954
$4,574,653
+378%
Other
$732,516
$901,665
+23%
Total Revenues
$63,478,659
$75,774,051
+19%
Expenses
2023
2024
Change
Grants
$9,675,799
$13,124,401
+36%
Benefits to Members
$0
$0
-
Salaries & Benefits
$28,945,259
$32,142,130
+11%
Fees to Service Providers
$1,495,209
$1,221,912
-18%
Advertising & Promotion
$21,187
$15,983
-25%
Offices, Occupancy & IT
$4,275,341
$4,546,254
+6%
Interest
$658,396
$4,616,511
+601%
Depreciation
$2,764,796
$2,826,403
+2%
Other
$9,053,497
$8,968,547
-1%
Total Expenses
$56,889,484
$67,462,141
+19%
Net income
2023
2024
Change
Net income
+$6,589,175
+$8,311,910
+26%
Functional Expenses
Summary
2023
2024
Change
Program
$48,094,963
$56,655,799
+18%
Admin
$6,924,605
$9,118,153
+32%
Fundraising
$1,869,916
$1,688,189
-10%
Total Expenses
$56,889,484
$67,462,141
+19%
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