ART CENTER COLLEGE OF DESIGN
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$150,138,393
Program Services
94%
Contributions
2%
Investments
2%
Other
1%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$157,356,767
Salaries & Benefits
50%
Grants
19%
Offices, Occupancy & IT
13%
Fees to Service Providers
8%
Depreciation
4%
Other
3%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,932,237
$3,725,212
-5%
Government Grants
$175,480
$98,614
-44%
Fundraising Events
$0
$0
-
Program Services
$139,073,193
$141,144,980
+1%
Membership Dues
$0
$0
-
Investments
$2,466,138
$2,975,756
+21%
Other
-$691,943
$2,193,831
-417%
Total Revenues
$144,955,105
$150,138,393
+4%
Expenses
2023
2024
Change
Grants
$27,430,473
$29,139,773
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$74,905,925
$78,716,065
+5%
Fees to Service Providers
$11,920,632
$12,542,100
+5%
Advertising & Promotion
$357,115
$311,592
-13%
Offices, Occupancy & IT
$21,130,857
$21,058,412
0%
Interest
$3,173,083
$4,124,110
+30%
Depreciation
$6,098,617
$6,427,504
+5%
Other
$4,583,244
$5,037,211
+10%
Total Expenses
$149,599,946
$157,356,767
+5%
Net income
2023
2024
Change
Net income
-$4,644,841
-$7,218,374
-55%
Functional Expenses
Summary
2023
2024
Change
Program
$139,924,501
$149,139,884
+7%
Admin
$7,498,955
$5,972,107
-20%
Fundraising
$2,176,490
$2,244,776
+3%
Total Expenses
$149,599,946
$157,356,767
+5%
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