The People's Music School
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$2,881,972
Contributions
66%
Government Grants
15%
Fundraising Events
10%
Other
6%
Investments
2%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$3,324,924
Salaries & Benefits
79%
Other
8%
Offices, Occupancy & IT
5%
Fees to Service Providers
4%
Depreciation
3%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,232,596
$1,912,563
-14%
Government Grants
$152,611
$446,682
+193%
Fundraising Events
$196,846
$291,544
+48%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$81,264
$66,751
-18%
Other
$92,142
$164,432
+78%
Total Revenues
$2,755,459
$2,881,972
+5%
Expenses
2023
2024
Change
Grants
$25,206
$28,003
+11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,521,937
$2,622,975
+4%
Fees to Service Providers
$135,530
$117,300
-13%
Advertising & Promotion
$8,467
$5,630
-34%
Offices, Occupancy & IT
$226,285
$174,193
-23%
Interest
$0
$0
-
Depreciation
$95,461
$107,669
+13%
Other
$234,924
$269,154
+15%
Total Expenses
$3,247,810
$3,324,924
+2%
Net income
2023
2024
Change
Net income
-$492,351
-$442,952
+10%
Functional Expenses
Summary
2023
2024
Change
Program
$2,381,762
$2,470,805
+4%
Admin
$358,658
$293,596
-18%
Fundraising
$507,390
$560,523
+10%
Total Expenses
$3,247,810
$3,324,924
+2%
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