MAMA FOUNDATION FOR THE ARTS INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,658,505
Contributions
61%
Program Services
26%
Government Grants
9%
Investments
3%
Other
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,606,322
Salaries & Benefits
71%
Other
16%
Offices, Occupancy & IT
9%
Fees to Service Providers
3%
Advertising & Promotion
1%
Grants
0%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$695,887
$1,006,473
+45%
Government Grants
$174,820
$147,160
-16%
Fundraising Events
$0
$0
-
Program Services
$723,363
$425,728
-41%
Membership Dues
$0
$0
-
Investments
$51,287
$55,903
+9%
Other
$149
$23,241
+15498%
Total Revenues
$1,645,506
$1,658,505
+1%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$914,147
$1,139,618
+25%
Fees to Service Providers
$56,808
$50,773
-11%
Advertising & Promotion
$36,064
$17,300
-52%
Offices, Occupancy & IT
$168,967
$141,968
-16%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$590,246
$256,663
-57%
Total Expenses
$1,766,232
$1,606,322
-9%
Net income
2023
2024
Change
Net income
-$120,726
+$52,183
-143%
Functional Expenses
Summary
2023
2024
Change
Program
$780,516
$950,374
+22%
Admin
$717,016
$464,534
-35%
Fundraising
$268,700
$191,414
-29%
Total Expenses
$1,766,232
$1,606,322
-9%
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