MAGNUM CULTURAL FOUNDATION
MAGNUM CULTURAL FOUNDATION
MAGNUM CULTURAL FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,316,188
Contributions
85%
Government Grants
12%
Other
2%
Program Services
1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,901,122
Salaries & Benefits
37%
Fees to Service Providers
25%
Grants
20%
Other
12%
Offices, Occupancy & IT
4%
Depreciation
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,003,798
$1,121,502
+12%
Government Grants
$148,390
$155,480
+5%
Fundraising Events
$0
$0
-
Program Services
$0
$16,250
-
Membership Dues
$0
$0
-
Investments
$792
$958
+21%
Other
$24,886
$21,998
-12%
Total Revenues
$1,177,866
$1,316,188
+12%
Expenses
2023
2024
Change
Grants
$323,747
$374,669
+16%
Benefits to Members
$0
$0
-
Salaries & Benefits
$632,185
$699,324
+11%
Fees to Service Providers
$550,060
$481,776
-12%
Advertising & Promotion
$2,764
$4,390
+59%
Offices, Occupancy & IT
$120,076
$75,593
-37%
Interest
$0
$0
-
Depreciation
$36,370
$38,074
+5%
Other
$99,531
$227,296
+128%
Total Expenses
$1,764,733
$1,901,122
+8%
Net income
2023
2024
Change
Net income
-$586,867
-$584,934
+0%
Functional Expenses
Summary
2023
2024
Change
Program
$1,150,010
$1,312,275
+14%
Admin
$328,454
$291,828
-11%
Fundraising
$286,269
$297,019
+4%
Total Expenses
$1,764,733
$1,901,122
+8%
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