COMMUNITY SCHOOL OF MUSIC AND ARTS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$7,741,595
Program Services
81%
Contributions
10%
Other
4%
Fundraising Events
2%
Government Grants
1%
Investments
1%
Membership Dues
0%
Expenses in 2024
$8,506,865
Salaries & Benefits
75%
Other
11%
Depreciation
5%
Grants
5%
Offices, Occupancy & IT
2%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,207,202
$798,231
-34%
Government Grants
$141,209
$102,059
-28%
Fundraising Events
$127,815
$126,440
-1%
Program Services
$6,178,516
$6,290,316
+2%
Membership Dues
$0
$0
-
Investments
$74,579
$87,512
+17%
Other
$223,810
$337,037
+51%
Total Revenues
$7,953,131
$7,741,595
-3%
Expenses
2023
2024
Change
Grants
$379,984
$414,652
+9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,066,183
$6,351,928
+496%
Fees to Service Providers
$125,175
$135,793
+8%
Advertising & Promotion
$73,072
$53,332
-27%
Offices, Occupancy & IT
$190,008
$205,731
+8%
Interest
$14,014
$2,838
-80%
Depreciation
$372,088
$438,628
+18%
Other
$5,690,140
$903,963
-84%
Total Expenses
$7,910,664
$8,506,865
+8%
Net income
2023
2024
Change
Net income
+$42,467
-$765,270
-1902%
Functional Expenses
Summary
2023
2024
Change
Program
$7,253,828
$7,800,982
+8%
Admin
$324,653
$369,028
+14%
Fundraising
$332,183
$336,855
+1%
Total Expenses
$7,910,664
$8,506,865
+8%
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