BALTIMORE SYMPHONY ORCHESTRA INC
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$41,676,641
Contributions
49%
Other
21%
Program Services
18%
Government Grants
11%
Fundraising Events
2%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$34,682,280
Salaries & Benefits
65%
Fees to Service Providers
12%
Offices, Occupancy & IT
8%
Other
8%
Advertising & Promotion
5%
Interest
2%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$12,251,808
$20,222,140
+65%
Government Grants
$7,507,495
$4,640,722
-38%
Fundraising Events
$622,655
$711,200
+14%
Program Services
$5,899,631
$7,369,708
+25%
Membership Dues
$0
$0
-
Investments
$2,650
$4,516
+70%
Other
$3,872,273
$8,728,355
+125%
Total Revenues
$30,156,512
$41,676,641
+38%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$21,980,162
$22,467,583
+2%
Fees to Service Providers
$3,983,535
$4,189,118
+5%
Advertising & Promotion
$1,972,752
$1,871,409
-5%
Offices, Occupancy & IT
$2,656,979
$2,849,470
+7%
Interest
$407,748
$527,876
+29%
Depreciation
$137,146
$111,386
-19%
Other
$2,578,507
$2,665,438
+3%
Total Expenses
$33,716,829
$34,682,280
+3%
Net income
2023
2024
Change
Net income
-$3,560,317
+$6,994,361
-296%
Functional Expenses
Summary
2023
2024
Change
Program
$27,261,147
$28,656,613
+5%
Admin
$3,307,768
$3,682,986
+11%
Fundraising
$3,147,914
$2,342,681
-26%
Total Expenses
$33,716,829
$34,682,280
+3%
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