SPOLETO FESTIVAL USA INC
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$11,196,718
Contributions
45%
Program Services
33%
Other
10%
Government Grants
9%
Investments
3%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$11,121,935
Other
41%
Salaries & Benefits
37%
Offices, Occupancy & IT
9%
Fees to Service Providers
7%
Depreciation
5%
Advertising & Promotion
1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,873,357
$5,033,289
+30%
Government Grants
$900,493
$978,301
+9%
Fundraising Events
$143,782
$76,725
-47%
Program Services
$3,033,540
$3,667,369
+21%
Membership Dues
$0
$0
-
Investments
$97,955
$285,509
+191%
Other
$1,512,870
$1,155,525
-24%
Total Revenues
$9,561,997
$11,196,718
+17%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,007,102
$4,101,882
+2%
Fees to Service Providers
$159,401
$772,342
+385%
Advertising & Promotion
$317,489
$146,839
-54%
Offices, Occupancy & IT
$1,094,847
$954,264
-13%
Interest
$0
$0
-
Depreciation
$552,917
$548,787
-1%
Other
$4,372,011
$4,597,821
+5%
Total Expenses
$10,503,767
$11,121,935
+6%
Net income
2023
2024
Change
Net income
-$941,770
+$74,783
-108%
Functional Expenses
Summary
2023
2024
Change
Program
$7,187,702
$7,514,595
+5%
Admin
$2,348,750
$2,567,263
+9%
Fundraising
$967,315
$1,040,077
+8%
Total Expenses
$10,503,767
$11,121,935
+6%
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