It is typical for non-profits to produce an annual report for their supporters. Two years ago, we decided it was time for our still-young selves to put on our big-person-pants and create one too. In researching types of annual reports, we landed on one that seemed to be exactly our style: a short, two-page, colorful celebration of our year.
(You can download 2016 & 2017 Annual Reports at this link.)
First of all, our 2017 Annual Report is a letter of thanks and love, dedicated to those donors, families, organizations and more, who made our year great.
Like most of you if you were asked to boil down your year into 4 numbers, we bristle at the thought. However, these four numbers are ones we are proud of. This summer alone, which doesn’t include scholarships to our Sort of Thing, Studio, Shadow, and After School Group, we were able to do $100,000 worth of scholarships. This number does not equal the amount of scholarships we raised from donations and grants, but we are hopeful that we are able to cover these costs better as we grow!
Our program report highlights some of the activities and opportunities we were proud to have done this year. This includes our teens winning 2nd place at the inaugural Philly Youth Theatre Fest, our first ever summer camp visual arts intensive (which premiered our first ever public art installation). Download the whole report to learn even more. This is the work – this is where – your support goes.
There are other items on the Annual Report, so please download it for yourself, but I wanted to take a couple of moments to talk through the Financial Report.
Thanks to your generosity, we were able to end 2017 with a surplus. It’s hard to see in the bar graphs, which represent our last 5 years of financial data, but 2017 was the first time in the last 3 years where we operated with an ending surplus. Most of this surplus went into paying ourselves back from those losses. As you can see from our income, we rely on our tuition payments for a bulk of our revenue. This is something we are looking to change as we grow and move forward. Our work will reach more youth if we gain more individual and foundation support. If you look at the expense side, we spend most of our money on the programs we run, directly impacting the youth and families we serve. We also know that having a robust infrastructure means that we will have a quality program, so we invest in the people who administer the organization as well. We operate on slim margins, but we are hopeful that the trends we are seeing will mean continued healthy growth for years to come.
Thanks to all who have been a part of this growth and who continue to invest in our good work!