MINNESOTA ORCHESTRAL ASSOCIATION
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$38,682,341
Contributions
67%
Program Services
29%
Fundraising Events
2%
Other
2%
Investments
<1%
Government Grants
<1%
Membership Dues
0%
Expenses in 2024
$45,026,578
Salaries & Benefits
66%
Other
18%
Fees to Service Providers
6%
Depreciation
4%
Advertising & Promotion
4%
Offices, Occupancy & IT
2%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$28,445,125
$25,998,027
-9%
Government Grants
$6,041,395
$40,000
-99%
Fundraising Events
$623,488
$645,375
+4%
Program Services
$9,127,728
$11,034,734
+21%
Membership Dues
$0
$0
-
Investments
$15,711
$335,017
+2032%
Other
$759,499
$629,188
-17%
Total Revenues
$45,012,946
$38,682,341
-14%
Expenses
2023
2024
Change
Grants
$570
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$28,680,179
$29,902,348
+4%
Fees to Service Providers
$3,423,891
$2,485,360
-27%
Advertising & Promotion
$2,077,392
$1,651,963
-20%
Offices, Occupancy & IT
$1,452,548
$972,987
-33%
Interest
$0
$0
-
Depreciation
$2,003,490
$1,998,913
0%
Other
$7,606,291
$8,015,007
+5%
Total Expenses
$45,244,361
$45,026,578
0%
Net income
2023
2024
Change
Net income
-$231,415
-$6,344,237
-2641%
Functional Expenses
Summary
2023
2024
Change
Program
$36,009,622
$36,040,327
+0%
Admin
$6,264,846
$5,887,667
-6%
Fundraising
$2,969,893
$3,098,584
+4%
Total Expenses
$45,244,361
$45,026,578
0%
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