The Center of Anna Maria Island’s first positive month of its fiscal year 2025-26 is in the books.
However, the nonprofit still has a long way to go before the year is over.
The community center recorded $34,407.15 in net income in October 2025, bringing its deficit for fiscal 2025-26 — which began July 1 — to $287,945 after four months, according to a financial report.
The nonprofit was $322,352 in the red through September 2025, after recording three consecutive months of at least $89,365.24 in losses.
Part of the deficit for the first quarter of fiscal 2025-26 was attributed to a lack of fundraising. Over those three months, the center only earned $21,522 in cumulative fundraising income.
The nonprofit nearly quintupled that figure in October 2025 with $101,026.62 in fundraising income, resulting in the center’s first gains of the year.
Another factor that those gains can be attributed to is a drop in capital overlay expenses.
The nonprofit spent $206,916.07 — more than two-thirds of its deficit — on capital expenses through October 2025.
Much of those funds were used to restore the center’s outdoor fields and fencing at the facility it leases from the city of Anna Maria at 407 Magnolia Ave., in addition to the purchase and installation of a new scoreboard.
Executive director Christopher Culhane wrote in a Dec. 30 email to The Islander that the nonprofit would need to “play catch-up” for the rest of its fiscal year due to those expenses.
However, the worst of it may have passed.
While the center spent $64,388.90, $88,947.91 and $42,394.26 on capital expenses over the first three months of fiscal 2025-26, it spent only $11,185 on capital expenses in October 2025.
Culhane wrote that an undisclosed grant would help fund those costs.
“We just received $60,000 from a local foundation to help offset these capital costs, and we should be able to announce this grant in the near future,” he wrote.
The nonprofit’s fiscal year has also played out just about as expected — so far, at least.
The $287,945 deficit is only $4,680 of the center’s $292,625 deficit through October 2025.
It still marks a sharp falloff from last year, when the nonprofit was $149,555 in the black through October 2024.
In order to dig itself out of the deficit, the center will have to earn an average of $35,993.13 in monthly net income for the remaining eight months of fiscal 2025-26.
People can learn more about the nonprofit by visiting its website, centerami.org.