LUTHERAN MUSIC PROGRAM
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2025
$1,526,807
Contributions
70%
Program Services
18%
Investments
10%
Other
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$1,475,111
Other
52%
Salaries & Benefits
30%
Grants
11%
Fees to Service Providers
6%
Offices, Occupancy & IT
1%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$1,742,571
$1,066,840
-39%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$366,276
$279,670
-24%
Membership Dues
$0
$0
-
Investments
$142,235
$156,868
+10%
Other
$524,528
$23,429
-96%
Total Revenues
$2,775,610
$1,526,807
-45%
Expenses
2024
2025
Change
Grants
$116,346
$157,690
+36%
Benefits to Members
$0
$0
-
Salaries & Benefits
$416,250
$436,493
+5%
Fees to Service Providers
$102,657
$94,742
-8%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$27,377
$22,118
-19%
Interest
$0
$0
-
Depreciation
$1,433
$974
-32%
Other
$863,909
$763,094
-12%
Total Expenses
$1,527,972
$1,475,111
-3%
Net income
2024
2025
Change
Net income
+$1,247,638
+$51,696
-96%
Functional Expenses
Summary
2024
2025
Change
Program
$1,176,572
$1,121,262
-5%
Admin
$186,385
$252,553
+36%
Fundraising
$165,015
$101,296
-39%
Total Expenses
$1,527,972
$1,475,111
-3%
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