Flint Institute of Music
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2025
$15,892,754
Government Grants
34%
Contributions
24%
Program Services
24%
Other
9%
Investments
9%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2025
$16,777,803
Salaries & Benefits
47%
Other
26%
Offices, Occupancy & IT
14%
Advertising & Promotion
5%
Depreciation
4%
Grants
2%
Fees to Service Providers
2%
Benefits to Members
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$5,639,309
$3,865,608
-31%
Government Grants
$4,807,870
$5,380,740
+12%
Fundraising Events
$81,724
$79,498
-3%
Program Services
$3,644,922
$3,742,940
+3%
Membership Dues
$0
$0
-
Investments
$977,145
$1,357,746
+39%
Other
$975,733
$1,466,222
+50%
Total Revenues
$16,126,703
$15,892,754
-1%
Expenses
2024
2025
Change
Grants
$416,238
$412,752
-1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,454,723
$7,830,541
+5%
Fees to Service Providers
$336,311
$355,703
+6%
Advertising & Promotion
$947,143
$846,477
-11%
Offices, Occupancy & IT
$2,325,407
$2,350,599
+1%
Interest
$0
$0
-
Depreciation
$643,768
$681,314
+6%
Other
$4,086,596
$4,300,417
+5%
Total Expenses
$16,210,186
$16,777,803
+4%
Net income
2024
2025
Change
Net income
-$83,483
-$885,049
-960%
Functional Expenses
Summary
2024
2025
Change
Program
$14,032,523
$14,623,269
+4%
Admin
$876,241
$800,891
-9%
Fundraising
$1,301,422
$1,353,643
+4%
Total Expenses
$16,210,186
$16,777,803
+4%
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