BERKLEE COLLEGE OF MUSIC INC
BERKLEE COLLEGE OF MUSIC INC
BERKLEE COLLEGE OF MUSIC INC
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$441,448,497
Program Services
94%
Contributions
2%
Other
2%
Government Grants
1%
Fundraising Events
<1%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$448,558,717
Salaries & Benefits
51%
Grants
25%
Other
6%
Offices, Occupancy & IT
6%
Fees to Service Providers
5%
Depreciation
3%
Advertising & Promotion
2%
Interest
2%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$9,539,851
$10,644,012
+12%
Government Grants
$5,434,543
$5,078,996
-7%
Fundraising Events
$1,914,507
$1,708,729
-11%
Program Services
$387,846,261
$412,803,864
+6%
Membership Dues
$0
$0
-
Investments
$1,025,748
$1,394,078
+36%
Other
$16,294,853
$9,818,818
-40%
Total Revenues
$422,055,763
$441,448,497
+5%
Expenses
2023
2024
Change
Grants
$97,658,529
$110,375,755
+13%
Benefits to Members
$0
$0
-
Salaries & Benefits
$206,284,890
$228,037,389
+11%
Fees to Service Providers
$23,932,726
$22,843,895
-5%
Advertising & Promotion
$9,518,277
$10,249,793
+8%
Offices, Occupancy & IT
$28,426,134
$26,080,919
-8%
Interest
$7,743,409
$7,509,076
-3%
Depreciation
$11,895,910
$15,184,770
+28%
Other
$20,604,584
$28,277,120
+37%
Total Expenses
$406,064,459
$448,558,717
+10%
Net income
2023
2024
Change
Net income
+$15,991,304
-$7,110,220
-144%
Functional Expenses
Summary
2023
2024
Change
Program
$326,582,033
$359,283,874
+10%
Admin
$73,347,631
$82,249,189
+12%
Fundraising
$6,134,795
$7,025,654
+15%
Total Expenses
$406,064,459
$448,558,717
+10%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)