COUNTRY MUSIC FOUNDATION INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$73,334,385
Program Services
66%
Contributions
20%
Other
9%
Investments
4%
Government Grants
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$58,168,842
Salaries & Benefits
39%
Other
32%
Offices, Occupancy & IT
13%
Depreciation
9%
Advertising & Promotion
3%
Fees to Service Providers
3%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,205,785
$14,465,481
+556%
Government Grants
$1,547,492
$996,613
-36%
Fundraising Events
$182,302
$314,446
+72%
Program Services
$44,786,510
$48,217,928
+8%
Membership Dues
$0
$0
-
Investments
$2,090,610
$2,807,599
+34%
Other
$6,331,281
$6,532,318
+3%
Total Revenues
$57,143,980
$73,334,385
+28%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$20,461,412
$22,802,394
+11%
Fees to Service Providers
$869,001
$1,722,561
+98%
Advertising & Promotion
$1,630,495
$1,763,827
+8%
Offices, Occupancy & IT
$6,040,500
$7,801,099
+29%
Interest
$327,723
$326,104
0%
Depreciation
$4,716,607
$5,006,304
+6%
Other
$9,049,710
$18,746,553
+107%
Total Expenses
$43,095,448
$58,168,842
+35%
Net income
2023
2024
Change
Net income
+$14,048,532
+$15,165,543
+8%
Functional Expenses
Summary
2023
2024
Change
Program
$37,403,486
$52,740,970
+41%
Admin
$3,212,045
$3,426,726
+7%
Fundraising
$2,479,917
$2,001,146
-19%
Total Expenses
$43,095,448
$58,168,842
+35%
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