OLD TOWN SCHOOL OF FOLK MUSIC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$13,967,599
Program Services
68%
Contributions
12%
Fundraising Events
8%
Other
4%
Membership Dues
4%
Investments
3%
Government Grants
<1%
Expenses in 2024
$15,045,290
Salaries & Benefits
62%
Fees to Service Providers
14%
Other
9%
Depreciation
5%
Offices, Occupancy & IT
5%
Advertising & Promotion
4%
Grants
1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,328,298
$1,740,801
+31%
Government Grants
$606,877
$55,000
-91%
Fundraising Events
$794,660
$1,135,702
+43%
Program Services
$9,516,390
$9,476,506
0%
Membership Dues
$583,906
$578,085
-1%
Investments
$449,346
$393,250
-12%
Other
$748,801
$588,255
-21%
Total Revenues
$14,028,278
$13,967,599
0%
Expenses
2023
2024
Change
Grants
$179,468
$187,438
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,333,966
$9,382,270
+13%
Fees to Service Providers
$2,284,664
$2,145,006
-6%
Advertising & Promotion
$617,199
$629,625
+2%
Offices, Occupancy & IT
$599,280
$681,633
+14%
Interest
$0
$0
-
Depreciation
$625,422
$697,348
+12%
Other
$1,390,233
$1,321,970
-5%
Total Expenses
$14,030,232
$15,045,290
+7%
Net income
2023
2024
Change
Net income
-$1,954
-$1,077,691
-55053%
Functional Expenses
Summary
2023
2024
Change
Program
$10,819,746
$11,354,442
+5%
Admin
$2,206,186
$2,629,235
+19%
Fundraising
$1,004,300
$1,061,613
+6%
Total Expenses
$14,030,232
$15,045,290
+7%
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