SAVE THE MUSIC FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$10,675,131
Contributions
95%
Fundraising Events
4%
Investments
<1%
Other
<1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$9,006,418
Grants
59%
Salaries & Benefits
28%
Other
7%
Fees to Service Providers
4%
Offices, Occupancy & IT
1%
Advertising & Promotion
1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$8,043,574
$10,149,272
+26%
Government Grants
$300,000
$0
-100%
Fundraising Events
$544,999
$442,968
-19%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$79,263
-
Other
-$90,370
$3,628
-104%
Total Revenues
$8,798,203
$10,675,131
+21%
Expenses
2023
2024
Change
Grants
$5,493,680
$5,276,126
-4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,891,122
$2,484,321
+31%
Fees to Service Providers
$244,509
$403,067
+65%
Advertising & Promotion
$217,662
$96,055
-56%
Offices, Occupancy & IT
$145,923
$102,988
-29%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$784,848
$643,861
-18%
Total Expenses
$8,777,744
$9,006,418
+3%
Net income
2023
2024
Change
Net income
+$20,459
+$1,668,713
+8056%
Functional Expenses
Summary
2023
2024
Change
Program
$7,222,812
$7,187,886
0%
Admin
$267,898
$452,689
+69%
Fundraising
$1,287,034
$1,365,843
+6%
Total Expenses
$8,777,744
$9,006,418
+3%
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