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2023 Income and Expenses

Our 2023 operating budget was $251,978. Expenses totaled $241,003. 

In 2023 95.5% of our income went toward programming (paying our wonderful teachers), paying support staff, and occupancy. The pie charts below give more details.

Income summary:

$197,517 from programming accounts for 79.2% of our total income. 

Our generous donors contributed $33,308 during the year, 10.8% of our income. 

We received grants from the Illinois Arts Council for a total of $12,500, and a grant from Urbana Arts and Culture for $4999. Combined grants were 7.5% of our income, 

The remaining income–2.5% of our total, was from facilities and instrument rentals and sales. 

Expenses summary: 

Programming accounted for 58.1% of total expenses, including teacher payments and supplies totaling $140,011 in 2023, with $2033 in scholarships awarded. 

19.5% of our expenses went toward paying staff for administrative and bookkeeping, a total of $43,131. 

Occupancy, including rent and utilities, came to 17.9% of our expenses: $46,926. 

Business expenses make up the remaining 4.5%, including $3109 for office supplies and technology, and $1495 for advertising. The balance of our business expenses consists of insurance, credit card processing fees, licensing and professional dues. 

 

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