CALIFORNIA INSTITUTE OF THE ARTS
CALIFORNIA INSTITUTE OF THE ARTS
CALIFORNIA INSTITUTE OF THE ARTS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$136,903,415
Program Services
69%
Investments
16%
Contributions
8%
Other
6%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$118,868,933
Salaries & Benefits
53%
Grants
22%
Other
12%
Fees to Service Providers
4%
Depreciation
3%
Interest
3%
Offices, Occupancy & IT
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$14,867,887
$11,396,035
-23%
Government Grants
$1,320,354
$688,301
-48%
Fundraising Events
$0
$0
-
Program Services
$85,766,434
$94,987,173
+11%
Membership Dues
$0
$0
-
Investments
$5,155,512
$21,362,387
+314%
Other
$12,465,302
$8,469,519
-32%
Total Revenues
$119,575,489
$136,903,415
+14%
Expenses
2023
2024
Change
Grants
$25,566,647
$26,703,072
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$56,299,145
$62,992,131
+12%
Fees to Service Providers
$4,697,128
$4,921,872
+5%
Advertising & Promotion
$381,401
$157,356
-59%
Offices, Occupancy & IT
$3,586,087
$2,785,727
-22%
Interest
$1,168,687
$3,192,713
+173%
Depreciation
$3,393,866
$3,441,714
+1%
Other
$18,450,243
$14,674,348
-20%
Total Expenses
$113,543,204
$118,868,933
+5%
Net income
2023
2024
Change
Net income
+$6,032,285
+$18,034,482
+199%
Functional Expenses
Summary
2023
2024
Change
Program
$92,982,404
$97,640,736
+5%
Admin
$17,211,493
$19,125,199
+11%
Fundraising
$3,349,307
$2,102,998
-37%
Total Expenses
$113,543,204
$118,868,933
+5%
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