MANHATTAN SCHOOL OF MUSIC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$81,759,847
Program Services
87%
Contributions
9%
Investments
2%
Other
1%
Fundraising Events
<1%
Government Grants
<1%
Membership Dues
0%
Expenses in 2024
$75,957,069
Salaries & Benefits
46%
Grants
31%
Offices, Occupancy & IT
10%
Depreciation
5%
Fees to Service Providers
4%
Other
3%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,048,541
$7,072,088
+75%
Government Grants
$0
$336,874
-
Fundraising Events
$506,417
$576,636
+14%
Program Services
$68,498,824
$71,019,683
+4%
Membership Dues
$0
$0
-
Investments
$1,427,511
$1,813,297
+27%
Other
$1,004,381
$941,269
-6%
Total Revenues
$75,485,674
$81,759,847
+8%
Expenses
2023
2024
Change
Grants
$22,065,386
$23,558,512
+7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$32,072,234
$34,839,408
+9%
Fees to Service Providers
$3,640,264
$3,285,483
-10%
Advertising & Promotion
$147,958
$165,634
+12%
Offices, Occupancy & IT
$7,362,486
$7,645,305
+4%
Interest
$703,524
$628,274
-11%
Depreciation
$3,317,698
$3,463,093
+4%
Other
$2,749,158
$2,371,360
-14%
Total Expenses
$72,058,708
$75,957,069
+5%
Net income
2023
2024
Change
Net income
+$3,426,966
+$5,802,778
+69%
Functional Expenses
Summary
2023
2024
Change
Program
$62,162,944
$65,539,419
+5%
Admin
$8,686,158
$9,055,518
+4%
Fundraising
$1,209,606
$1,362,132
+13%
Total Expenses
$72,058,708
$75,957,069
+5%
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