SCHOOL OF AMERICAN MUSIC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$320,220
Contributions
75%
Program Services
19%
Investments
6%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$101,506
Fees to Service Providers
48%
Offices, Occupancy & IT
13%
Salaries & Benefits
12%
Grants
9%
Advertising & Promotion
7%
Depreciation
6%
Other
6%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$230,664
$239,163
+4%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$36,213
$59,361
+64%
Membership Dues
$0
$0
-
Investments
$10,831
$20,186
+86%
Other
-$5,571
$1,510
-127%
Total Revenues
$272,137
$320,220
+18%
Expenses
2023
2024
Change
Grants
$8,235
$8,900
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,000
$12,500
+4%
Fees to Service Providers
$32,394
$48,402
+49%
Advertising & Promotion
$7,204
$6,954
-3%
Offices, Occupancy & IT
$8,951
$12,881
+44%
Interest
$0
$0
-
Depreciation
$7,135
$6,235
-13%
Other
$7,676
$5,634
-27%
Total Expenses
$83,595
$101,506
+21%
Net income
2023
2024
Change
Net income
+$188,542
+$218,714
+16%
Functional Expenses
Summary
2023
2024
Change
Program
$70,661
$91,304
+29%
Admin
$12,934
$10,202
-21%
Fundraising
$0
$0
-
Total Expenses
$83,595
$101,506
+21%
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