GAGE ACADEMY OF ART
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,978,112
Contributions
52%
Program Services
41%
Fundraising Events
5%
Government Grants
1%
Investments
<1%
Other
<1%
Membership Dues
0%
Expenses in 2024
$2,949,523
Salaries & Benefits
57%
Offices, Occupancy & IT
19%
Other
13%
Fees to Service Providers
7%
Grants
2%
Advertising & Promotion
1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$706,956
$2,053,062
+190%
Government Grants
$90,485
$46,300
-49%
Fundraising Events
$171,448
$211,281
+23%
Program Services
$1,573,986
$1,626,148
+3%
Membership Dues
$0
$0
-
Investments
$19,491
$32,045
+64%
Other
$9,171
$9,276
+1%
Total Revenues
$2,571,537
$3,978,112
+55%
Expenses
2023
2024
Change
Grants
$76,805
$64,924
-15%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,495,128
$1,670,295
+12%
Fees to Service Providers
$274,628
$207,395
-24%
Advertising & Promotion
$41,026
$42,811
+4%
Offices, Occupancy & IT
$603,276
$565,401
-6%
Interest
$0
$0
-
Depreciation
$32,029
$19,379
-39%
Other
$429,400
$379,318
-12%
Total Expenses
$2,952,292
$2,949,523
0%
Net income
2023
2024
Change
Net income
-$380,755
+$1,028,589
-370%
Functional Expenses
Summary
2023
2024
Change
Program
$1,779,829
$1,811,246
+2%
Admin
$833,684
$786,698
-6%
Fundraising
$338,779
$351,579
+4%
Total Expenses
$2,952,292
$2,949,523
0%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)