Spitzer-Magis Center FKA Magis Institute
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,023,925
Contributions
88%
Program Services
11%
Other
<1%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,373,945
Other
37%
Salaries & Benefits
34%
Fees to Service Providers
26%
Offices, Occupancy & IT
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$2,018,600
$1,776,572
-12%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$337,844
$232,095
-31%
Membership Dues
$0
$0
-
Investments
$269
$118
-56%
Other
$0
$15,140
-
Total Revenues
$2,356,713
$2,023,925
-14%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$70,584
$815,912
+1056%
Fees to Service Providers
$111,918
$623,984
+458%
Advertising & Promotion
$134,177
$11,120
-92%
Offices, Occupancy & IT
$37,611
$51,102
+36%
Interest
$0
$0
-
Depreciation
$96,400
$0
-100%
Other
$2,206,163
$871,827
-60%
Total Expenses
$2,656,853
$2,373,945
-11%
Net income
2023
2024
Change
Net income
-$300,140
-$350,020
-17%
Functional Expenses
Summary
2023
2024
Change
Program
$2,339,874
$1,832,552
-22%
Admin
$299,326
$506,079
+69%
Fundraising
$17,653
$35,314
+100%
Total Expenses
$2,656,853
$2,373,945
-11%
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