Roots of Music Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,727,286
Contributions
89%
Other
10%
Program Services
<1%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,468,353
Salaries & Benefits
46%
Other
35%
Fees to Service Providers
10%
Offices, Occupancy & IT
4%
Depreciation
4%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,091,442
$1,542,021
+41%
Government Grants
$0
$0
-
Fundraising Events
$11,969
$0
-100%
Program Services
$5,231
$6,266
+20%
Membership Dues
$0
$0
-
Investments
$91
$1,597
+1655%
Other
$3,473
$177,402
+5008%
Total Revenues
$1,112,206
$1,727,286
+55%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$523,240
$678,312
+30%
Fees to Service Providers
$17,830
$151,685
+751%
Advertising & Promotion
$2,259
$3,917
+73%
Offices, Occupancy & IT
$82,767
$60,723
-27%
Interest
$0
$1,284
-
Depreciation
$0
$57,649
-
Other
$435,143
$514,783
+18%
Total Expenses
$1,061,239
$1,468,353
+38%
Net income
2023
2024
Change
Net income
+$50,967
+$258,933
+408%
Functional Expenses
Summary
2023
2024
Change
Program
$673,803
$904,736
+34%
Admin
$263,065
$210,426
-20%
Fundraising
$124,371
$353,191
+184%
Total Expenses
$1,061,239
$1,468,353
+38%
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