Velocity Dance Center
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$928,127
Contributions
52%
Government Grants
18%
Program Services
16%
Fundraising Events
12%
Other
1%
Investments
1%
Membership Dues
0%
Expenses in 2024
$957,137
Fees to Service Providers
42%
Salaries & Benefits
26%
Other
21%
Offices, Occupancy & IT
9%
Advertising & Promotion
1%
Grants
0%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$323,725
$478,935
+48%
Government Grants
$213,595
$169,030
-21%
Fundraising Events
$34,756
$115,661
+233%
Program Services
$106,588
$144,047
+35%
Membership Dues
$2,823
$0
-100%
Investments
$4,117
$9,607
+133%
Other
$395
$10,847
+2646%
Total Revenues
$685,999
$928,127
+35%
Expenses
2023
2024
Change
Grants
$22,100
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$222,381
$246,868
+11%
Fees to Service Providers
$262,396
$406,376
+55%
Advertising & Promotion
$489
$11,240
+2199%
Offices, Occupancy & IT
$56,639
$90,575
+60%
Interest
$0
$0
-
Depreciation
$431
$0
-100%
Other
$90,230
$202,078
+124%
Total Expenses
$654,666
$957,137
+46%
Net income
2023
2024
Change
Net income
+$31,333
-$29,010
-193%
Functional Expenses
Summary
2023
2024
Change
Program
$561,930
$873,398
+55%
Admin
$57,138
$51,140
-10%
Fundraising
$35,598
$32,599
-8%
Total Expenses
$654,666
$957,137
+46%
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