HOPEWELL MUSIC COOPERATIVE-NORTH
HOPEWELL MUSIC COOPERATIVE-NORTH
HOPEWELL MUSIC COOPERATIVE-NORTH
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$323,455
Contributions
55%
Government Grants
38%
Program Services
7%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$261,715
Salaries & Benefits
75%
Fees to Service Providers
12%
Other
6%
Depreciation
5%
Offices, Occupancy & IT
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$197,324
$177,096
-10%
Government Grants
$58,965
$122,847
+108%
Fundraising Events
$0
$0
-
Program Services
$27,518
$23,376
-15%
Membership Dues
$0
$0
-
Investments
$39
$136
+249%
Other
-$2,896
$0
-100%
Total Revenues
$280,950
$323,455
+15%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$255,621
$195,171
-24%
Fees to Service Providers
$14,830
$31,162
+110%
Advertising & Promotion
$3,236
$1,727
-47%
Offices, Occupancy & IT
$21,967
$5,280
-76%
Interest
$2,074
$0
-100%
Depreciation
$8,136
$12,073
+48%
Other
$16,333
$16,302
0%
Total Expenses
$322,197
$261,715
-19%
Net income
2023
2024
Change
Net income
-$41,247
+$61,740
-250%
Functional Expenses
Summary
2023
2024
Change
Program
$198,579
$143,715
-28%
Admin
$42,847
$47,704
+11%
Fundraising
$80,771
$70,296
-13%
Total Expenses
$322,197
$261,715
-19%
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