Regional Arts & Culture Council
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$11,002,585
Government Grants
96%
Investments
3%
Contributions
<1%
Other
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$10,755,241
Grants
52%
Salaries & Benefits
21%
Other
13%
Fees to Service Providers
12%
Offices, Occupancy & IT
1%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$797,190
$79,464
-90%
Government Grants
$12,160,918
$10,581,197
-13%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$223,670
$329,418
+47%
Other
$54,302
$12,506
-77%
Total Revenues
$13,236,080
$11,002,585
-17%
Expenses
2023
2024
Change
Grants
$8,652,124
$5,628,939
-35%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,421,438
$2,287,852
-6%
Fees to Service Providers
$1,259,325
$1,252,392
-1%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$253,487
$141,016
-44%
Interest
$0
$0
-
Depreciation
$7,643
$5,689
-26%
Other
$872,521
$1,439,353
+65%
Total Expenses
$13,466,538
$10,755,241
-20%
Net income
2023
2024
Change
Net income
-$230,458
+$247,344
-207%
Functional Expenses
Summary
2023
2024
Change
Program
$11,595,775
$8,498,334
-27%
Admin
$1,642,562
$2,098,221
+28%
Fundraising
$228,201
$158,686
-30%
Total Expenses
$13,466,538
$10,755,241
-20%
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