MAINE STATE MUSIC THEATRE
Income Statement
Fiscal Year Start:
Nov 1
Revenues in 2024
$6,917,989
Program Services
76%
Contributions
19%
Other
2%
Investments
2%
Fundraising Events
1%
Government Grants
<1%
Membership Dues
0%
Expenses in 2024
$7,141,262
Salaries & Benefits
45%
Other
32%
Offices, Occupancy & IT
12%
Advertising & Promotion
6%
Depreciation
4%
Fees to Service Providers
1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,056,281
$1,291,482
-37%
Government Grants
$0
$15,155
-
Fundraising Events
$0
$101,544
-
Program Services
$5,106,266
$5,231,154
+2%
Membership Dues
$0
$0
-
Investments
$193,920
$138,668
-28%
Other
-$174,086
$139,986
-180%
Total Revenues
$7,182,381
$6,917,989
-4%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,940,647
$3,196,596
+9%
Fees to Service Providers
$181,471
$71,859
-60%
Advertising & Promotion
$441,126
$447,572
+1%
Offices, Occupancy & IT
$700,279
$865,065
+24%
Interest
$0
$0
-
Depreciation
$225,773
$282,642
+25%
Other
$2,298,024
$2,277,528
-1%
Total Expenses
$6,787,320
$7,141,262
+5%
Net income
2023
2024
Change
Net income
+$395,061
-$223,273
-157%
Functional Expenses
Summary
2023
2024
Change
Program
$5,051,655
$5,363,243
+6%
Admin
$1,169,768
$1,341,641
+15%
Fundraising
$565,897
$436,378
-23%
Total Expenses
$6,787,320
$7,141,262
+5%
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