PORTLAND INSTITUTE FOR CONTEMPORARY ART
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$2,412,312
Contributions
87%
Government Grants
6%
Program Services
5%
Other
1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,331,200
Salaries & Benefits
35%
Other
35%
Fees to Service Providers
18%
Offices, Occupancy & IT
7%
Depreciation
3%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$914,731
$2,092,567
+129%
Government Grants
$259,100
$150,000
-42%
Fundraising Events
$0
$0
-
Program Services
$72,827
$132,086
+81%
Membership Dues
$0
$0
-
Investments
$1,654
$8,089
+389%
Other
$75,609
$29,570
-61%
Total Revenues
$1,323,921
$2,412,312
+82%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$844,272
$826,453
-2%
Fees to Service Providers
$347,467
$421,885
+21%
Advertising & Promotion
$4,266
$19,945
+368%
Offices, Occupancy & IT
$161,518
$168,729
+4%
Interest
$3,256
$16,814
+416%
Depreciation
$62,105
$69,540
+12%
Other
$784,058
$807,834
+3%
Total Expenses
$2,206,942
$2,331,200
+6%
Net income
2023
2024
Change
Net income
-$883,021
+$81,112
-109%
Functional Expenses
Summary
2023
2024
Change
Program
$1,416,205
$1,744,814
+23%
Admin
$531,407
$383,096
-28%
Fundraising
$259,330
$203,290
-22%
Total Expenses
$2,206,942
$2,331,200
+6%
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