The Center of Anna Maria Island dug a deep hole early in fiscal 2022-23.
But a big month might be a sign things are turning around.
December was the center’s first positive month of the fiscal year — which began July 1, 2022 — gaining the nonprofit $90,863.43 in net income, according to a report.
That income brings what was a $264,228.13 deficit through November 2022 — when the center lost $24,403.78 for the month — down to $173,364.70 through December 2022.
At the same point last year, the nonprofit was $193,952 in the black — a $367,316 difference.
Nevertheless, center executive director Christopher Culhane wrote in a Feb. 1 email to The Islander that the nonprofit was only beginning to make up the deficit.
“We will continue to lower the deficit during these busy season months,” Culhane wrote. “It appears as if January was our busiest month ever.”
The center had not released a financial report for January as of Feb. 2.
As for December, the center earned $98,214.60 in program revenue, the nonprofit’s second-highest mark after $105,617.10 in July 2022.
The big difference is that the center spent $31,891.23 on program costs in December, less than half of the $65,695.64 the nonprofit spent in July.
That led to $66,323.37 in program income for the month, the best of the center’s fiscal year and enough to offset $56,866.38 in general and administrative costs, resulting in $9,456.99 in operating income.
The biggest difference-maker, however, is the nonprofit’s fundraising efforts.
The center earned $138,836.94 in fundraising revenue in December, more than double the second-highest monthly mark of $57,418.43 set in November.
After spending $56,186.84 on fundraising costs, another high mark for the fiscal year, the center’s fundraising efforts resulted in $82,650.10 income.
The nonprofit’s fundraising numbers were bolstered by the beginning of the center’s annual matching challenge.
The challenge collected $208,438 from 160 donors by its end on Jan. 13.