The Musical Arts Association
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$79,412,615
Contributions
46%
Program Services
26%
Government Grants
11%
Investments
11%
Other
5%
Fundraising Events
2%
Membership Dues
0%
Expenses in 2024
$71,767,644
Salaries & Benefits
61%
Other
14%
Fees to Service Providers
10%
Depreciation
5%
Offices, Occupancy & IT
4%
Advertising & Promotion
4%
Interest
2%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$46,231,195
$36,788,925
-20%
Government Grants
$2,520,228
$8,649,905
+243%
Fundraising Events
$1,359,335
$1,422,900
+5%
Program Services
$19,381,712
$20,328,179
+5%
Membership Dues
$0
$0
-
Investments
$6,783,072
$8,397,588
+24%
Other
$544,083
$3,825,118
+603%
Total Revenues
$76,819,625
$79,412,615
+3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$40,588,715
$43,684,778
+8%
Fees to Service Providers
$6,320,001
$7,221,864
+14%
Advertising & Promotion
$2,732,839
$2,893,769
+6%
Offices, Occupancy & IT
$2,759,302
$3,098,407
+12%
Interest
$1,222,908
$1,216,898
0%
Depreciation
$3,365,700
$3,732,983
+11%
Other
$9,576,391
$9,918,945
+4%
Total Expenses
$66,565,856
$71,767,644
+8%
Net income
2023
2024
Change
Net income
+$10,253,769
+$7,644,971
-25%
Functional Expenses
Summary
2023
2024
Change
Program
$54,820,541
$58,247,749
+6%
Admin
$7,797,582
$9,281,055
+19%
Fundraising
$3,947,733
$4,238,840
+7%
Total Expenses
$66,565,856
$71,767,644
+8%
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