NEW MUSIC USA INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$2,338,890
Contributions
56%
Investments
27%
Government Grants
11%
Other
6%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$2,958,769
Salaries & Benefits
37%
Grants
34%
Fees to Service Providers
17%
Other
7%
Offices, Occupancy & IT
5%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,410,659
$1,301,283
-8%
Government Grants
$319,410
$263,550
-17%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$472,984
$631,036
+33%
Other
-$120,786
$143,021
-218%
Total Revenues
$2,082,267
$2,338,890
+12%
Expenses
2023
2024
Change
Grants
$1,318,800
$996,350
-24%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,171,856
$1,085,464
-7%
Fees to Service Providers
$416,757
$499,176
+20%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$97,196
$157,287
+62%
Interest
$0
$0
-
Depreciation
$4,515
$4,879
+8%
Other
$95,864
$215,613
+125%
Total Expenses
$3,104,988
$2,958,769
-5%
Net income
2023
2024
Change
Net income
-$1,022,721
-$619,879
+39%
Functional Expenses
Summary
2023
2024
Change
Program
$2,441,769
$2,254,243
-8%
Admin
$348,489
$306,374
-12%
Fundraising
$314,730
$398,152
+27%
Total Expenses
$3,104,988
$2,958,769
-5%
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