ANNAPOLIS SYMPHONY ORCHESTRA INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,919,972
Contributions
67%
Program Services
18%
Government Grants
9%
Other
3%
Investments
3%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,698,610
Salaries & Benefits
69%
Other
13%
Offices, Occupancy & IT
8%
Advertising & Promotion
5%
Fees to Service Providers
5%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,665,535
$2,632,395
+58%
Government Grants
$427,837
$343,957
-20%
Fundraising Events
$0
$0
-
Program Services
$680,337
$709,618
+4%
Membership Dues
$0
$0
-
Investments
$67,795
$114,250
+69%
Other
-$181,355
$119,752
-166%
Total Revenues
$2,660,149
$3,919,972
+47%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,808,766
$1,855,261
+3%
Fees to Service Providers
$151,173
$125,220
-17%
Advertising & Promotion
$91,031
$125,572
+38%
Offices, Occupancy & IT
$212,390
$224,852
+6%
Interest
$0
$0
-
Depreciation
$7,320
$7,320
+0%
Other
$1,578,767
$360,385
-77%
Total Expenses
$3,849,447
$2,698,610
-30%
Net income
2023
2024
Change
Net income
-$1,189,298
+$1,221,362
-203%
Functional Expenses
Summary
2023
2024
Change
Program
$3,088,394
$2,240,205
-27%
Admin
$561,782
$242,484
-57%
Fundraising
$199,271
$215,921
+8%
Total Expenses
$3,849,447
$2,698,610
-30%
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