MASSACHUSETTS HORTICULTURAL SOCIETY
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$3,054,261
Program Services
54%
Contributions
24%
Other
19%
Investments
1%
Fundraising Events
1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$3,526,705
Salaries & Benefits
46%
Offices, Occupancy & IT
27%
Other
11%
Depreciation
8%
Fees to Service Providers
7%
Advertising & Promotion
1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$650,040
$744,791
+15%
Government Grants
$675,000
$0
-100%
Fundraising Events
$16,745
$32,991
+97%
Program Services
$1,286,903
$1,658,424
+29%
Membership Dues
$0
$0
-
Investments
$27,237
$38,074
+40%
Other
$606,422
$579,981
-4%
Total Revenues
$3,262,347
$3,054,261
-6%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,412,411
$1,631,297
+15%
Fees to Service Providers
$157,684
$240,059
+52%
Advertising & Promotion
$59,504
$42,209
-29%
Offices, Occupancy & IT
$421,052
$951,615
+126%
Interest
$0
$0
-
Depreciation
$267,930
$267,851
0%
Other
$408,147
$393,674
-4%
Total Expenses
$2,726,728
$3,526,705
+29%
Net income
2023
2024
Change
Net income
+$535,619
-$472,444
-188%
Functional Expenses
Summary
2023
2024
Change
Program
$2,037,472
$2,569,556
+26%
Admin
$469,594
$688,125
+47%
Fundraising
$219,662
$269,024
+22%
Total Expenses
$2,726,728
$3,526,705
+29%
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