ARBOR SCHOOL OF ARTS & SCIENCES
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,892,605
Program Services
90%
Contributions
5%
Other
4%
Investments
1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$3,949,155
Salaries & Benefits
78%
Other
7%
Offices, Occupancy & IT
7%
Depreciation
4%
Grants
3%
Advertising & Promotion
<1%
Fees to Service Providers
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$135,672
$181,900
+34%
Government Grants
$0
$0
-
Fundraising Events
$1,880
$0
-100%
Program Services
$3,191,173
$3,516,906
+10%
Membership Dues
$0
$0
-
Investments
$49,591
$57,217
+15%
Other
$101,509
$136,582
+35%
Total Revenues
$3,479,825
$3,892,605
+12%
Expenses
2023
2024
Change
Grants
$104,433
$121,365
+16%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,673,484
$3,100,062
+16%
Fees to Service Providers
$142,376
$1,192
-99%
Advertising & Promotion
$4,632
$2,551
-45%
Offices, Occupancy & IT
$266,654
$275,358
+3%
Interest
$0
$0
-
Depreciation
$156,225
$160,766
+3%
Other
$322,214
$287,861
-11%
Total Expenses
$3,670,018
$3,949,155
+8%
Net income
2023
2024
Change
Net income
-$190,193
-$56,550
+70%
Functional Expenses
Summary
2023
2024
Change
Program
$2,795,428
$2,960,122
+6%
Admin
$874,590
$989,033
+13%
Fundraising
$0
$0
-
Total Expenses
$3,670,018
$3,949,155
+8%
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