COMMUNITY MUSIC CENTER OF BOSTON INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,963,187
Contributions
52%
Program Services
28%
Government Grants
7%
Other
7%
Investments
5%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$4,055,235
Salaries & Benefits
68%
Other
10%
Grants
8%
Fees to Service Providers
7%
Offices, Occupancy & IT
5%
Depreciation
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$5,393,978
$2,043,866
-62%
Government Grants
$497,713
$288,100
-42%
Fundraising Events
$77,267
$11,592
-85%
Program Services
$1,195,934
$1,126,330
-6%
Membership Dues
$0
$0
-
Investments
$179,166
$215,343
+20%
Other
-$4,444
$277,956
-6355%
Total Revenues
$7,339,614
$3,963,187
-46%
Expenses
2023
2024
Change
Grants
$376,291
$335,360
-11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,246,645
$2,763,385
+23%
Fees to Service Providers
$257,067
$281,349
+9%
Advertising & Promotion
$13,683
$32,235
+136%
Offices, Occupancy & IT
$197,646
$190,346
-4%
Interest
$0
$0
-
Depreciation
$51,968
$47,375
-9%
Other
$429,271
$405,185
-6%
Total Expenses
$3,572,571
$4,055,235
+14%
Net income
2023
2024
Change
Net income
+$3,767,043
-$92,048
-102%
Functional Expenses
Summary
2023
2024
Change
Program
$2,333,973
$2,379,717
+2%
Admin
$852,521
$1,042,575
+22%
Fundraising
$386,077
$632,943
+64%
Total Expenses
$3,572,571
$4,055,235
+14%
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