MUSICOPIA INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$2,072,144
Contributions
68%
Program Services
14%
Government Grants
10%
Other
7%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,803,491
Salaries & Benefits
50%
Fees to Service Providers
29%
Other
13%
Offices, Occupancy & IT
5%
Grants
2%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$902,652
$1,415,270
+57%
Government Grants
$33,581
$203,069
+505%
Fundraising Events
$0
$0
-
Program Services
$259,845
$285,340
+10%
Membership Dues
$0
$0
-
Investments
$1,726
$20,369
+1080%
Other
$160,024
$148,096
-7%
Total Revenues
$1,357,828
$2,072,144
+53%
Expenses
2023
2024
Change
Grants
$45,400
$34,649
-24%
Benefits to Members
$0
$0
-
Salaries & Benefits
$801,412
$907,442
+13%
Fees to Service Providers
$372,950
$517,113
+39%
Advertising & Promotion
$808
$4,091
+406%
Offices, Occupancy & IT
$78,591
$90,280
+15%
Interest
$0
$0
-
Depreciation
$11,741
$11,740
0%
Other
$283,850
$238,176
-16%
Total Expenses
$1,594,752
$1,803,491
+13%
Net income
2023
2024
Change
Net income
-$236,924
+$268,653
-213%
Functional Expenses
Summary
2023
2024
Change
Program
$1,259,088
$1,335,209
+6%
Admin
$208,746
$237,614
+14%
Fundraising
$126,918
$230,668
+82%
Total Expenses
$1,594,752
$1,803,491
+13%
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