SOUNDS ACADEMY
Income Statement
Fiscal Year Start:
Aug 1
Revenues in 2024
$802,464
Contributions
63%
Program Services
24%
Other
8%
Government Grants
5%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$714,665
Salaries & Benefits
36%
Other
32%
Grants
21%
Offices, Occupancy & IT
7%
Fees to Service Providers
4%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$400,092
$506,047
+26%
Government Grants
$69,400
$39,000
-44%
Fundraising Events
$0
$0
-
Program Services
$161,538
$188,905
+17%
Membership Dues
$0
$0
-
Investments
$242
$3,299
+1263%
Other
$9,665
$65,213
+575%
Total Revenues
$640,937
$802,464
+25%
Expenses
2023
2024
Change
Grants
$120,690
$150,225
+24%
Benefits to Members
$0
$0
-
Salaries & Benefits
$257,329
$259,634
+1%
Fees to Service Providers
$28,954
$27,672
-4%
Advertising & Promotion
$2,795
$300
-89%
Offices, Occupancy & IT
$56,541
$50,927
-10%
Interest
$0
$0
-
Depreciation
$157
$157
+0%
Other
$206,826
$225,750
+9%
Total Expenses
$673,292
$714,665
+6%
Net income
2023
2024
Change
Net income
-$32,355
+$87,799
-371%
Functional Expenses
Summary
2023
2024
Change
Program
$495,852
$529,468
+7%
Admin
$59,025
$94,654
+60%
Fundraising
$118,415
$90,543
-24%
Total Expenses
$673,292
$714,665
+6%
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