INNER-CITY ARTS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$17,075,068
Property, Plant, & Equipment (net)
54%
Cash & Equivalents
36%
Receivables (Non-Related)
7%
Other Assets
3%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$921,807
Other Liabilities
59%
Payables & Accruals
32%
Deferred Revenue
9%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$947,825
$6,078,320
+541%
Receivables (Non-Related)
$1,655,814
$1,227,793
-26%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$40,490
$35,076
-13%
Investments
$5,056,233
-
-
Property, Plant, & Equipment (net)
$9,210,518
$9,199,208
0%
Other Assets
$19,870
$534,671
+2591%
Total Assets
$16,930,750
$17,075,068
+1%
Liabilities
2023
2024
Change
Payables & Accruals
$395,077
$297,773
-25%
Grants Payable
-
-
-
Deferred Revenue
$11,760
$81,150
+590%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$19,870
$542,884
+2632%
Total Liabilities
$426,707
$921,807
+116%
Net assets
2023
2024
Change
Restricted Net Assets
$3,483,683
$4,287,643
+23%
Unrestricted Net Assets
$13,020,360
$11,865,618
-9%
Net assets
2023
2024
Change
Net assets
+$16,504,043
+$16,153,261
-2%
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